Category: IC47A-1 CASUALTY ACTUARIAL SCIENCE PART 1 – 10

Que. 1 : Q1) Which of the following statements about retrospective individual risk rating is untrue?    1.  a) The length of the retrospective rating period is usually more than 3 years.    2.  b) The shorter the period, the more responsive the plan will be to changes that truly affect loss experience.    3.  c) Retrospective rating plans may limit losses […]