Question 19 (2 points) The risk control representative can assist the premium auditing function by his direct contact with insureds. He can report recordkeeping deficiencies, some initial exposure unit counts, and possible new exposures. When in the policy period would this be most beneficial to the premium auditor? 1) Towards the end of the policy period 2) As early as possible in the policy period 3) Approximately half way through the policy period 4) At any time during the policy period Question 20 (2 points) Why are law adjustment factors used? | 1) To reflect increasing jury verdict trends 2) For changes in the cost of a no-fault benefits 3) With workers' compensation insurance to reflect changes in statutory benefits 4) All of the above Question 21 (2 points) Staff underwriters periodically review and update rates and rating plans. Which of the criteria below is NOT one that they use in this process? 1) Loss experience 2) Marital status of insureds 3) Competition 4) Inflation