QuestionDecember 15, 2025

Most insurance companies today use a pricing scheme called __ community rating, where the price of insurance differs for every firm experience rating, where the price of insurance equals the cost of providing coverage based on the medical history of the firm's employees community rating, where the price of insurance equals the cost of providing coverage based on the medical history of the firm's employees IDONT KNOWYET

Most insurance companies today use a pricing scheme called __ community rating, where the price of insurance differs for every firm experience rating, where the price of insurance equals the cost of providing coverage based on the medical history of the firm's employees community rating, where the price of insurance equals the cost of providing coverage based on the medical history of the firm's employees IDONT KNOWYET
Most insurance companies today use a pricing scheme called __
community rating, where the price of insurance differs for every firm
experience rating, where the price of insurance equals the cost of
providing coverage based on the medical history of the firm's
employees
community rating, where the price of insurance equals the cost of
providing coverage based on the medical history of the firm's
employees
IDONT KNOWYET

Solution
4.6(153 votes)

Answer

experience rating, where the price of insurance equals the cost of providing coverage based on the medical history of the firm's employees Explanation 1. Identify the correct insurance pricing scheme Community rating means same rates regardless of individual risk. Experience rating bases price on a firm's employees' medical history. Most insurance companies today use **experience rating** to determine premiums. 2. Match to given options The option matching is: "experience rating, where the price of insurance equals the cost of providing coverage based on the medical history of the firm's employees."

Explanation

1. Identify the correct insurance pricing scheme<br /> Community rating means same rates regardless of individual risk. Experience rating bases price on a firm's employees' medical history. Most insurance companies today use **experience rating** to determine premiums. <br />2. Match to given options<br /> The option matching is: "experience rating, where the price of insurance equals the cost of providing coverage based on the medical history of the firm's employees."
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