SOFE
AFE · Question #123
______ an adjustment is based on experience of an individual risk during the term of the policy and is generally subject to maximum and minimum premium limits specified in the policy.
The correct answer is B. Retrospective premium adjustments. See the full explanation below for the reasoning.
Question
______ an adjustment is based on experience of an individual risk during the term of the policy and is generally subject to maximum and minimum premium limits specified in the policy.
Options
- ABusiness recordkeeping
- BRetrospective premium adjustments
- CPremium transaction flow
- DAdjusting premiums
How the community answered
(21 responses)- B86% (18)
- C10% (2)
- D5% (1)
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