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The methods used for the premium rates establishment are:
Suggested Answer: B
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40 comments · newest first
ON
Onita
10 months ago
Not sure about D, seems too simplistic for premium rates.
CO
Corrie
11 months ago
B sounds right too, but I lean towards D.
GE
Gene
11 months ago
Wait, merit rating? Is that really a thing?
MA
Maryann
11 months ago
Definitely agree with D, that's the standard approach.
TE
Teddy
11 months ago
I think it's D, manual and judgmental makes sense.
IN
Ines
12 months ago
I believe the correct answer is D, since "manual" and "judgmental" seem to be standard terms used in premium rate establishment.
CO
Cory
12 months ago
I'm a bit confused. Is "premium rating" the same as "merit rating"? I can't recall clearly.
BE
Bettyann
12 months ago
I feel like I've seen a question similar to this before, and I think "merit rating" was mentioned in that context.
AL
Alberta
1 year ago
I think I remember that "manual" and "judgmental" are definitely part of the methods, but I'm not sure about the third one.
MO
Mozell
1 year ago
Ugh, I'm drawing a blank on the specifics of these premium rate establishment methods. I'll have to take an educated guess and hope for the best.
AR
Arthur
1 year ago
Ah, I remember learning about these premium rate methods in class. I think I've got a good handle on this, so I'll confidently select the right answer.
TE
Terrilyn
1 year ago
Hmm, I'm a bit unsure about this one. The options seem similar, but I'll try to pick out the key differences between them and choose the most appropriate answer.
LO
Lore
1 year ago
This looks like a straightforward question about premium rate establishment methods. I'll carefully read through the options and select the one that best matches the description.
XU
Xuan
1 year ago
I'm sure the premium rates for this exam are no joke. Better choose D or you might end up in the red!
OR
Oretha
1 year ago
User 3: I agree, we don't want to end up with high premiums by choosing the wrong method.
DE
Desirae
1 year ago
User 2: Yeah, manual, judgmental, and merit rating seem like the most reliable methods.
AM
Ammie
1 year ago
User 1: I think D is the way to go for setting premium rates.
RU
Rutha
1 year ago
I agree, let's go with D to avoid any surprises.
EN
Enola
1 year ago
Yeah, manual, judgmental, and merit rating sound like a solid choice.
FE
Felicia
1 year ago
I think D is the way to go for the premium rates.
SH
Shalon
1 year ago
D is the answer, no doubt. But I bet the exam writer had a real 'premium' time coming up with these options!
VE
Verlene
1 year ago
I chose D too, it just made the most sense out of all the options.
CA
Carmelina
1 year ago
I also picked D, it seemed like the most logical choice.
GA
Gail
1 year ago
I agree, D is definitely the answer. Those options were tricky!
DA
Dan
1 year ago
D is the way to go, folks. Manual and judgmental methods are the industry standard for premium rate setting.
ST
Stephen
1 year ago
It's important to use manual and judgmental methods for setting premium rates to ensure accuracy.
FR
Freeman
1 year ago
I think D is the best choice for ensuring accurate premium rates.
LA
Laine
1 year ago
Manual and judgmental methods are tried and true in the industry.
OR
Oren
1 year ago
I agree, D seems like the most reliable option for setting premium rates.
CH
Chara
1 year ago
I think D is the best option too. It's important to have a solid method for setting premium rates.
ES
Esteban
1 year ago
I agree, D is definitely the way to go. Manual and judgmental methods are tried and true.
AL
Alesia
1 year ago
Hmm, I was thinking B might be the right answer. But after reconsidering, D is the way to go.
OL
Olive
1 year ago
I agree with Diane. Option D is the most appropriate choice here.
DI
Diane
2 years ago
Option D seems like the correct answer. Manual and judgmental methods are commonly used in premium rate establishment.
IN
Inocencia
2 years ago
I'm not sure about the experimental method, but manual, judgmental, and merit rating seem logical.
JA
James
2 years ago
I agree with Danica, those methods make sense for establishing premium rates.
DA
Danica
2 years ago
I think the methods used are manual, judgmental, and premium rating.
JE
Jess
2 years ago
I'm not sure about that, I think it could also be C) Manual, experimental and merit rating.
JE
Jeanice
2 years ago
I agree with Novella, because manual and judgmental methods are commonly used in premium rate establishment.
NO
Novella
2 years ago
I think the answer is D) Manual, judgmental and merit rating.