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Which of the following is true in respect to Retrospective Rating and Experience Rating? O Retrospective Rating uses an insured's past loss ratio to price
Which of the following is true in respect to Retrospective Rating and Experience Rating? O Retrospective Rating uses an insured's past loss ratio to price this years policy O Experience Rating is used to develop a modification factor O Retrospective Rating is involved in developing a modification factor O Experience Rating modifies the premium based on actual losses during policy period
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Cost Management Measuring Monitoring And Motivating Performance
Authors: Leslie G. Eldenburg, Susan Wolcott, Liang Hsuan Chen, Gail Cook
2nd Canadian Edition
9781118168875
