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AIDA 182.06 Ratemaking Techniques Exam Questions and Correct Answers
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6
September 2024
2024/2025
A+
actual loss ratio formula - CORRECT ANSWER-incurred losses divided by earned premiums
adjusting premiums to current rate level - CORRECT ANSWER-calculate the premium for each policy in the experience period at current rate level; or, adjust historic premiums in total to current levels
advisory organization - CORRECT ANSWER-an independent organization that works with and on behalf of insurers that purchase or subscribe to its services anti-selection - CORRECT ANSWER-attracting only higher-risk ...
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