Question

What does retrospective experience rating in group insurance involve?

a.

Adjusting premiums based on future projections

b.

Providing a group with financial benefits or costs based on past claims experience

c.

Offering guaranteed rates for future coverage periods

d.

Allowing groups to participate in investment income

Answer: (b).Providing a group with financial benefits or costs based on past claims experience Explanation:Retrospective experience rating in group insurance involves providing a group with financial benefits or costs based on its actual past claims experience over the coverage term.

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Q. What does retrospective experience rating in group insurance involve?

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