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The underwriter and Frank's Fuel Oil Company have agreed to use gallons delivered as the premium base for this entire account. Accordingly, which one of
The underwriter and Frank's Fuel Oil Company have agreed to use gallons delivered as the premium base for this entire account. Accordingly, which one of the following accurately describes this arrangement? Available answer options Select only one option A Frank will have to submit information on all autos as they are added during the policy term. B The increased exposure of any newly added autos will be rated at the end of the policy term. C The insurer will have to perform midterm premium adjustments when vehicles are added or deleted. D This arrangement will guarantee that Frank does not see any price advantage during the policy term
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