Question: A rate-making method designed to adjust a premium to reflect the actual loss experience of an insured in a given time period is known as

A rate-making method designed to adjust a premium to reflect the actual loss experience of an insured in a given time period is known as

Select one:

a. retrospective rating,

b. experience rating,

c. manual, or class, rating,

d. schedule rating,

e. preferred risk rating.

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