In _________________, an Adjustment Is Based on Experience of an Individual

question 283

Multiple Choice

In _________________, an adjustment is based on experience of an individual risk during the term of the policy and is generally subject to maximum and minimum premium limits specified in the policy.

• A) Business recordkeeping
• B) Retrospective premium adjustments
• C) Premium transaction flow
• D) Adjusting premiums

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Definitions:

Paramount Decision

A 1948 United States Supreme Court decision that effectively broke up the studio trusts by forcing divestiture, the sale of the studios’ movie theaters.

Vertical Integration

A business practice where a company controls multiple stages of production, distribution, or both within the same industry, often to increase that company’s power in the marketplace.

Blind Bidding

A system in which theater owners were forced by the studios to bid on films without the benefit of exhibitor screenings.

Film Noir

A cinematic term used to describe stylish Hollywood crime dramas, particularly those that emphasize cynical attitudes and sexual motivations, characterized by dark, moody lighting and complex stories.