What is the difference between class rating and schedule rating?
What will be an ideal response?
Class rating operates by combining comparable units into a group and then charging a class rate reflecting the loss experience of the group. Schedule rating views each property individually. A standard rate (building) is debited and credited based on good and bad characteristics of the structure.
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Which of the following is true of strategic planning in a firm?
A) It deals with maintaining the company's current business ventures. B) It focuses on the firm's internal environment rather than the external environment. C) It occurs at the business-unit, product, and market levels rather than at the corporate level. D) It deals with adapting the firm to take advantage of changing marketing opportunities. E) It involves preparing short-term investment objectives at the product level.
Which of the following limits the exercise of agency discretion?
a. The Due Process Clause b. The Equal Protection Clause c. The Due Process Clause and the Equal Protection Clause d. Agency discretion is not limited by anything other than its enabling statute.