This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: A manufacturing company just hired a new risk manager, and she has instituted several employee ... (Read 96 times)

strangeaffliction

  • Hero Member
  • *****
  • Posts: 660
on: Jul 11, 2018
A manufacturing company just hired a new risk manager, and she has instituted several employee safety programs.
 
  She has persuaded the insurer writing the company's workers compensation insurance to base the premium on the company's actual loss experience during the current coverage period rather than on the company's historical performance. This type of plan is called a(n)
  A) retrospectively rated plan.
  B) class rated plan.
  C) experience rated plan.
  D) judgment rated plan.

Question 2

Which of the following statements concerning regulatory objectives of rate making is (are) true? I. Rates must not be unfairly discriminatory. II. Rates must be adequate.
 
  A) I only
  B) II only
  C) both I and II
  D) neither I nor II


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

JYan

  • Sr. Member
  • ****
  • Posts: 331
Reply #1 on: Jul 11, 2018
Answer to Question 1

Answer: A

Answer to Question 2

Answer: C


strangeaffliction

  • Member
  • Posts: 660
Reply 2 on: Jul 11, 2018
:D TYSM

vickybb89

  • Member
  • Posts: 347
Reply 3 on: Yesterday
Great answer, keep it coming :)

« previous next »
 

Did you know?

About 80% of major fungal systemic infections are due to Candida albicans. Another form, Candida peritonitis, occurs most often in postoperative patients. A rare disease, Candida meningitis, may follow leukemia, kidney transplant, other immunosuppressed factors, or when suffering from Candida septicemia.

Did you know?

Acetaminophen (Tylenol) in overdose can seriously damage the liver. It should never be taken by people who use alcohol heavily; it can result in severe liver damage and even a condition requiring a liver transplant.

Did you know?

According to the American College of Allergy, Asthma & Immunology, more than 50 million Americans have some kind of food allergy. Food allergies affect between 4 and 6% of children, and 4% of adults, according to the CDC. The most common food allergies include shellfish, peanuts, walnuts, fish, eggs, milk, and soy.

Did you know?

Vaccines prevent between 2.5 and 4 million deaths every year.

Did you know?

More than 30% of American adults, and about 12% of children utilize health care approaches that were developed outside of conventional medicine.

Serotonin and Risk-Taking Behavior Serotonin and Risk-Taking Behavior
Reduce Risk of Unintentional Injury Reduce Risk of Unintentional Injury
Risk factors for suicide. Risk factors for suicide.
Algorithm for assessing a patient at risk for self-directed violence. Algorithm for assessing a patient at risk for self-directed violence.
Describe the development of atherosclerosis, including its role in the risk of heart disease Describe the development of atherosclerosis, including its role in the risk of heart disease
Jia's Fashions recently paid a $2 annual dividend. The company is projecting that its ... Jia's Fashions recently paid a $2 annual dividend. The company is projecting that its ...
Video: Introduction to Dysrhythmia

For a complete list of videos, visit our video library