Which one of the following would be an example of a rating territory that helps determine insurance rates?

Question

Quizplus · Accepted Answer

Rating territories are geographical areas used by insurance companies to help determine rates, based on the risk associated with that area. Kathy Smith living in Guthrie, Oklahoma, is an example of a factor that would be considered in determining insurance rates, as different areas have different levels of risk associated with accidents, thefts, and other factors that affect insurance claims.

Which One of the Following Would Be an Example of a Rating