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 88 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
Great answer, keep it coming :)

sultana.d

  • Member
  • Posts: 320
Reply 3 on: Yesterday
Excellent

« previous next »
 

Did you know?

Vital signs (blood pressure, temperature, pulse rate, respiration rate) should be taken before any drug administration. Patients should be informed not to use tobacco or caffeine at least 30 minutes before their appointment.

Did you know?

When intravenous medications are involved in adverse drug events, their harmful effects may occur more rapidly, and be more severe than errors with oral medications. This is due to the direct administration into the bloodstream.

Did you know?

The ratio of hydrogen atoms to oxygen in water (H2O) is 2:1.

Did you know?

Cucumber slices relieve headaches by tightening blood vessels, reducing blood flow to the area, and relieving pressure.

Did you know?

In 1886, William Bates reported on the discovery of a substance produced by the adrenal gland that turned out to be epinephrine (adrenaline). In 1904, this drug was first artificially synthesized by Friedrich Stolz.

Nursing Interventions According to Stage of Severity for Suicide Risk Nursing Interventions According to Stage of Severity for Suicide Risk
Major Risk Factors for Hypertension Major Risk Factors for Hypertension
Risk factor for children age 2 to 3 Risk factor for children age 2 to 3
Maternal age is the major risk factor for autosomal trisomies of all types. By age 42, about one in Maternal age is the major risk factor for autosomal trisomies of all types. By age 42, about one in
Genes and Risk Factors for Alzheimer Disease Genes and Risk Factors for Alzheimer Disease
Risk of Down Syndrome (Trisomy 21) by Maternal Age Risk of Down Syndrome (Trisomy 21) by Maternal Age
Video: Polymerase chain reaction PCR - Animation

For a complete list of videos, visit our video library