Question: Which one of the following statements is true regarding loss trend analysis? Select one: A. Historical loss frequency is usually a better indicator of future
Which one of the following statements is true regarding loss trend analysis? Select one: A. Historical loss frequency is usually a better indicator of future loss experience than severity. B. The current year's losses are the best indication of future loss experience. C. Loss severity is usually more controllable by the applicant than loss frequency. D. Historical premiums and losses are needed for loss trend analysis
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