Answered step by step
Verified Expert Solution
Question
1 Approved Answer
For some insurance contracts, the final premium is determined by actual losses during the policy period. For example, an employer may pay a deposit premium
For some insurance contracts, the final premium is determined by actual losses during the policy period. For example, an employer may pay a deposit premium up-front to a workers compensation insurer, and then provide additional premiums later based on losses during the coverage period. The latter premium payments are called Available answer options Select only one option A Retrospective premium adjustments. B Premium audit adjustments. C Experience rating charges. D Reinstatement premium charges
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started