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 95 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
YES! Correct, THANKS for helping me on my review

rleezy04

  • Member
  • Posts: 322
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

« previous next »
 

Did you know?

Illness; diuretics; laxative abuse; hot weather; exercise; sweating; caffeine; alcoholic beverages; starvation diets; inadequate carbohydrate consumption; and diets high in protein, salt, or fiber can cause people to become dehydrated.

Did you know?

Thyroid conditions cause a higher risk of fibromyalgia and chronic fatigue syndrome.

Did you know?

During pregnancy, a woman is more likely to experience bleeding gums and nosebleeds caused by hormonal changes that increase blood flow to the mouth and nose.

Did you know?

An identified risk factor for osteoporosis is the intake of excessive amounts of vitamin A. Dietary intake of approximately double the recommended daily amount of vitamin A, by women, has been shown to reduce bone mineral density and increase the chances for hip fractures compared with women who consumed the recommended daily amount (or less) of vitamin A.

Did you know?

If all the neurons in the human body were lined up, they would stretch more than 600 miles.

These species are all at risk of extinction. Species with slow life-h These species are all at risk of extinction. Species with slow life-h
Algorithm for assessing a patient at risk for self-directed violence. Algorithm for assessing a patient at risk for self-directed violence.
Risk Factors for Cardiovascular Disease Risk Factors for Cardiovascular Disease
Stroke Risk Factors Stroke Risk Factors
Your company advertises all prices on the menu board as a final price, including HST of 13%. A ... Your company advertises all prices on the menu board as a final price, including HST of 13%. A ...
Increased Cancer Risk with BRCA1 or BRCA2 Mutation Increased Cancer Risk with BRCA1 or BRCA2 Mutation
Video: Subunits of DNA And Semi Conservative Replication

For a complete list of videos, visit our video library