SOFE
AFE · Question #109
AFE Question #109: Real Exam Question with Answer & Explanation
The correct answer is C. Manual rating. See the full explanation below for the reasoning.
Question
What is based on statistical data and are large groups of similar risks can be classified by a few and easily identifiable characteristics and result in standard rates?
Options
- ANumerical rating
- BPremium rating
- CManual rating
- DItem rating
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