Match the descriptions with their terms:
-The _________________ equals the manual premium times the experience modification factor.
A) assigned risk plan
B) association captive
C) excess insurance
D) experience modification factor
E) float
F) industry captive
G) large deductible plan
H) liquidating damages
I) loss conversion factor
J) offshore captive
K) onshore captive
L) partial permanent injury
M) RMIS
N) single parent captive
O) standard premium
P) workers' compensation insurance
Correct Answer:
Verified
Q9: The retrospective system of rating is designed
Q10: As interest rates increase, self-insurance for workers'
Q11: Firms with unstable work forces are candidates
Q12: Few firms that self-insure workers' compensation purchase
Q13: Match the descriptions with their terms:
-A/An _
Q15: Match the descriptions with their terms:
-Converted losses
Q16: Match the descriptions with their terms:
-A/An _
Q17: Match the descriptions with their terms:
-Cash _
Q18: Match the descriptions with their terms:
-Another name
Q19: Match the descriptions with their terms:
-_ covers
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