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P&P - Study 8 Review Flashcards | StudBud
P&P - Study 8 Review
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Which statement is NOT correct about the process of rating / ratemaking?
A
All of the above are correct.
B
The rate is the price of a unit of insurance for one year.
C
The process of rating is carried out by accountants.
D
It is the process of establishing rates for each class of insurance.
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