Under One Type of Merit Rating,the Class or Manual Rate

question 33

Multiple Choice

Under one type of merit rating,the class or manual rate is adjusted upward or downward based on past loss history.This type of merit rating is called

• A)schedule rating.
• B)judgment rating.
• C)experience rating.
• D)retrospective rating.

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Definitions:

Negative Words

Words that convey a negative connotation or sentiment, which can potentially deter positive communication.

Goodwill

The benefit or value that an entity has built up over time, often reflecting in customer loyalty, brand reputation, or business relationships.

Concise

Expressing much in few words; clear and succinct.

Barest Essentials

The most basic and fundamental components or requirements needed for something.