Premiums based on experience ratings:
a. are illegal in most states in the U.S.
b. vary depending on the income of the insured.
c. are uniform across age groups.
d. are only used in property-casualty insurance underwriting.
e. are based on the loss experience of the insured group.
e. are based on the loss experience of the insured group.
You might also like to view...
What is the diamond-water paradox?
What will be an ideal response?
Under a fixed exchange rate system, a real interest rate corresponding to the upward-sloping portion of the NCF curve reflects the fact that a central bank ________, and the real interest rate corresponding to the horizontal portion of the NCF curve
reflects the fact that a central bank ________. A) can always supply more domestic currency; can always meet the demand for foreign currency B) can always supply more domestic currency; is limited in meeting the demand for foreign currency C) is limited in meeting the demand for domestic currency; can always meet the demand for foreign currency D) is limited in meeting the demand for domestic currency; is limited in meeting the demand for foreign currency