
Premiums based on experience ratings
A) Are uniform across age groups.
B) Are based on the loss experience of the insured.
C) Vary depending on the income of the insured.
D) Are illegal in most states in the United States
E) Are only used in property-casualty insurance underwriting.
Correct Answer:
Verified
Q9: Assume a high-risk;person has a 0.50 probability
Q10: A movement of the medical loss ratio
Q11: Blue Cross and Blue Shield uses
A)Experience rating
Q12: The Health Insurance Portability and Accountability Act
Q13: Explain why the use of community-rated premiums
Q15: If the health insurance premium is equal
Q16: Assume the health insurance market is perfectly
Q17: Firms self-insure to
A)Save money on premiums.
B)Avoid state
Q18: A strong individual mandate with large fines
Q19: Monopsony power by health insurance plans can
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