______ Is a Measure of How Often Claims Are Made

question 33

Multiple Choice

______ is a measure of how often claims are made against an insurance policy.

• A) Utilization analysis
• B) Variable analysis
• C) Experience rating
• D) Merit analysis

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Definitions:

Verifiable

Capable of being tested and proven as true or accurate.

Inductive Logic

A method of reasoning in which general principles are derived from specific observations, moving from particular instances to broader generalizations.

Deductive Logic

A method of reasoning from one or more general statements (premises) to reach a logically certain conclusion, applying general principles to specific cases.

Hypothesis Testing

A statistical method that uses sample data to evaluate a hypothesis about a population parameter.