Question

How do underwriters utilize specific claims histories?

a.

To assess the solvency ratio of the company

b.

To predict future economic impacts on claims settlement

c.

To determine the appropriate premium for individual cases

d.

To analyze the regulatory impacts on claims

Posted under IC 14 Regulations of Insurance Business

Answer: (c).To determine the appropriate premium for individual cases Explanation:Underwriters use specific claims histories on cases that are individually underwritten to determine the appropriate premium for those cases.

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