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 50 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
Wow, this really help

Perkypinki

  • Member
  • Posts: 339
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

« previous next »
 

Did you know?

Though the United States has largely rejected the metric system, it is used for currency, as in 100 pennies = 1 dollar. Previously, the British currency system was used, with measurements such as 12 pence to the shilling, and 20 shillings to the pound.

Did you know?

Children with strabismus (crossed eyes) can be treated. They are not able to outgrow this condition on their own, but with help, it can be more easily corrected at a younger age. It is important for infants to have eye examinations as early as possible in their development and then another at age 2 years.

Did you know?

All patients with hyperparathyroidism will develop osteoporosis. The parathyroid glands maintain blood calcium within the normal range. All patients with this disease will continue to lose calcium from their bones every day, and there is no way to prevent the development of osteoporosis as a result.

Did you know?

The use of salicylates dates back 2,500 years to Hippocrates’s recommendation of willow bark (from which a salicylate is derived) as an aid to the pains of childbirth. However, overdosage of salicylates can harm body fluids, electrolytes, the CNS, the GI tract, the ears, the lungs, the blood, the liver, and the kidneys and cause coma or death.

Did you know?

It is difficult to obtain enough calcium without consuming milk or other dairy foods.

Adolescent females who participate in activities such as ballet are at risk for eating disorders Adolescent females who participate in activities such as ballet are at risk for eating disorders
Responsibilities of the nurse manager Responsibilities of the nurse manager
Alzheimer's Disease Risk Alzheimer's Disease Risk
Chess and risk Chess and risk
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
A company purchased 26 desks for $240 each and 18 chairs for $59 each. Compute the total ... A company purchased 26 desks for $240 each and 18 chairs for $59 each. Compute the total ...
Video: Dissociative Disorders (Part 2)

For a complete list of videos, visit our video library