______ is a measure of how often claims are made against an insurance policy.

Question

Quizplus · Accepted Answer

Experience rating is a measure used by insurance companies to determine the premium of an insurance policy based on the past claims experience of the policyholder. It takes into account how frequently and how much claims have been made in the past, and adjusts the premium accordingly. Utilization analysis is a broader term that refers to the study of how frequently a service or resource is used, and is not specific to insurance. Variable analysis and merit analysis are not commonly used terms in insurance.

______ Is a Measure of How Often Claims Are Made