Although Experience Rating Allows Employer Groups to Benefit Directly from Their

question 48

True/False

Although experience rating allows employer groups to benefit directly from their own good claims experience, it does not provide economic incentive for risk managers to control claims.

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Definitions:

Psychological Behaviors

Actions or reactions of an individual, stemming from their mental state and emotional responses, often studied within the context of psychology.

George Homans

A prominent American sociologist who contributed significantly to the development of social exchange theory.

Social Exchange Theory

A theory suggesting that social behavior is the result of an exchange process aiming to maximize benefits and minimize costs to the individuals or groups involved.

Construct Complex Representations

involves creating detailed and layered portrayals or models of ideas, objects, or systems.