menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    Risk Management and Insurance
  4. Exam
    Exam 23: Functions and Organization of Insurers
  5. Question
    Credibility in Rate Making Is Used to Make Insured Groups
Solved

Credibility in Rate Making Is Used to Make Insured Groups

Question 60

Question 60

True/False

Credibility in rate making is used to make insured groups with few exposure units pay their full cost of poor loss experience.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q55: Match the descriptions with their terms:<br>-In reinsurance,

Q56: Match the descriptions with their terms:<br>-The function

Q57: Experience rating looks to the past lost

Q58: A rate-making method designed to adjust a

Q59: Interest earned by insurers on premiums collected

Q61: Successful underwriting occurs when an insurer has

Q62: When the number of exposure units in

Q63: Match the descriptions with their terms:<br>-A type

Q64: The main objective of underwriting is to

Q65: Facultative reinsurance is the most complex form

Examlex

ExamLex

About UsContact UsPerks CenterHomeschoolingTest Prep

Work With Us

Campus RepresentativeInfluencers

Links

FaqPricingChrome Extension

Download The App

Get App StoreGet Google Play

Policies

Privacy PolicyTerms of ServiceHonor CodeCommunity Guidelines

Scan To Download

qr-code

Copyright © (2025) ExamLex LLC.

Privacy PolicyTerms Of ServiceHonor CodeCommunity Guidelines