What is Judgment rating based on? - ProProfs Discuss
Topics
Products
Follow Us:

What is Judgment rating based on?
1. An evaluation of the characteristics of the individual risk.
2. Manual rates developed from statistical data.
3. Calculation and evaluation of the insured s past loss experience.
4. Loss information reported by other states.



This question is part of Property and Casualty Insurance License Exam Cram
Asked by Wyatt Williams, Last updated: Mar 30, 2020

+ Answer
Request

3 Answers

Patricia Wuillamey

Patricia Wuillamey

Answered Jun 02, 2018

C. Calculation and evaluation of the insured s past loss experience
D. Loss information reported by other states

 

John Adney

John Adney

Answered May 03, 2017

This is the oldest form of rating. The premium is determined by considering the individual risk. No books or tables are used; premiums are established through careful judgment
 

John Smith

John Smith

Answered Oct 11, 2016

An evaluation of the characteristics of the individual risk

A is correct. This is the oldest form of rating. The premium is determined by considering the individual risk. No books or tables are used; premiums are established through careful judgment.
 1

John Adney

This is the oldest form of rating. The premium is determined by considering the individual risk. No books or tables are used; premiums are established through careful judgment

Search for Google images
Select a recommended image
Upload from your computer
Search for Google images
Select a recommended image
Upload from your computer
Search for Google images
Select a recommended image
Upload from your computer

Email Sent
We have sent an email to your address "" with instructions to reset your password.