Which of the Following Statements About Retrospective Rating Is True

Multiple Choice

Which of the following statements about retrospective rating is true?

A) The premium for the current period is determined by the loss experience for prior periods.
B) The premium for the current period is determined by the loss experience during the current period.
C) The premium for future periods is determined by the average loss experience for the current and previous periods.
D) The premium for future periods is determined by the loss experience for the current period.