Question: A premium setting method in which different groups covered by an insurance company pay different premiums based on their risk is called a Experience rating

A premium setting method in which different groups covered by an insurance company pay different premiums based on their risk is called

a Experience rating

b Community rating

c An HMO

d None of the above

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Finance Questions!

Q:

A rod AB hinged at A and attached at B to cable BD supports the loads shown. Knowing that d = 200 mm, determine (a) The tension in cable BD, (b) The reaction at A. 100 mm 90 N 90 N 100 mm100 mm 100 mm

Q:

1 What are the main components of personal financial planning? Solve What is the purpose of a financial plan? Solve Identify some common actions taken to achieve financial goals. How does a job...

Q:

One criteria for tax-exempt status is a. reduced operating expenses b. increased revenues c. community benefits d. faster care A premium setting method where different groups covered by an insurance...

Q:

Could you (suggest) tightly organize and focus content enclosed, into a literature review research paper incorporating appropriate economic scholarly peer reviewed journals or articles discussing...

Q:

1. A person who will earn $40,000 per year until retirement (in 30 years) will have a present value of how much if the discount rate is 12%? * $ 354,852.14 $ 322,207.36 $ 312,998.54 $ 321,205.44 2....

Q:

' I NEED ALL OF THE ANSWER ' 1. Life expectancy refers to: * How you expect to live The number of years a person wish to live The average number of years a person can expect to live All of the above...

Q:

Comparing both the percentage and absolute monetary ( $ ) change in the value of property, plant and equipment ( PPE ) of three hospitals in FY 2 0 1 8 - 2 0 1 9 with FY 2 0 1 7 - 2 0 1 8 is a form...

Q:

1. Dental expense insurance provides reimbursement for: (Points : 1) oral examinations. fillings. extractions. inlays. all of the other answers. Question 12. 12. The purpose of an appraisal is to:...

Q:

It is becoming widely expected that interest rates will rise in the coming year. In recent weeks the 10 year US bond has risen from about 1.50% to 1.80%. Using the appendix for chapter 2 on Webster...

Q:

Honeywell, Inc. and Integrated Risk Management Introduction In one week, on July 10, 1997, the Finance Committee members of Honeywell Inc.'s board of directors would vote on whether to proceed with a...

Q:

Questions 1-6 PART II INTERPERSONAL SKILLS CASE STUDY 51. LUKE'S HEALTH SYSTEM: TRANSFORMATIONAL LEADERSHIP . This book addresses many of the conceptual, interpersonal, and busines skills associated...

Q:

Capacitance of the Earth (a) Discuss how the concept of capacitance can also be applied to a single conductor. (b) Use Eq. (24.1) to show that C = 4є0R for a solid conducting sphere of radius...

Q:

The matrix transformation f: R2 R2 defined by f(v) = Av, where and A: is a real number, is called dilation if k > 1 and contraction if 0 (a) k = 4; (b) k = 1/4. A =

Q:

Where on the yield Kurt is the strategy of writing the yield curve usually employed and what is the main risk in doing so

Q:

How should ARL promote the purchasing consortium and recruit member companies? Be certain to consider the 5 value propositions Challenges associated with limited market size Is there a loss of...

Q:

=+ Survey of representative publics. Which publics? Control group?' &

Q:

=+1. Indicate how each of the following methodologies might be used to evaluate each individual tactic. Evaluation of Outputs Message production Message dissemination Message cost analysis...

Q:

=+2. What standards of accuracy and reliability are needed for the evaluation?