ACME Clothing has a group accident and sickness insurance plan that is up for renewal. ACME's insurance company is offering to renew the plan with higher premiums based on the losses that it suffered in the last term, as there were higher claims than the insurance company anticipated in the original policy. Given this information what type of funding formula is the insurance company using?Select one:a$.$ Contributory accountingb. Administrative services onlyc. Refund accountingd. Non$-$refund accounting