Which one of the following insurance rating plans adjusts th

Which one of the following insurance rating plans adjusts the insured’s premium for the current policy period based on the insured’s loss experience during the current period?

Select one:

a. Schedule rating

b. Adjustment rating

c. Experience rating

d. Retrospective rating

Solution

d. Retrospective rating

A ratemaking technique that adjusts the insured’s premium for the current policy period based on the insured’s loss experience during the current period