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 in prior periods.
B) The premium for the current period is determined by the loss experience during the current period.
C) The premium for the current period is determined by predicted future loss experience.
D) The premium for future periods is determined by the loss experience for the current period.