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

question 283

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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.


Definitions:

Observations

The act of carefully watching, monitoring, or noting phenomena or behaviors, often for data collection and analysis.

Moral Agent

An individual or entity capable of making ethical decisions and being held accountable for actions.

Philanthropic Responsibilities

The ethical obligations of businesses and individuals to contribute to societal welfare and charity.

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