Question 22, Lara, owner of Huck's Oil Change Ltd, meets with a life insurance agent to discuss a renewal package for the group benefits plan offered to employees. Lara employs 20 individuals, all of whom are covered under the group plan. The employee turnover rate is 10%, and the insurer has rated tlle group's claims experience credibility at 20%. In establishing the group's premiums under the new plan, how much weight will the insurer give to the standard manual rate for a comparable group? O a) 10%. O b) 20%. ০ ৪0%. d) 90%.
Question 22, Lara, owner of Huck's Oil Change Ltd, meets with a life insurance agent to discuss a renewal package for the group benefits plan offered to employees. Lara employs 20 individuals, all of whom are covered under the group plan. The employee turnover rate is 10%, and the insurer has rated tlle group's claims experience credibility at 20%. In establishing the group's premiums under the new plan, how much weight will the insurer give to the standard manual rate for a comparable group? O a) 10%. O b) 20%. ০ ৪0%. d) 90%.
Chapter12: Sequences, Series And Binomial Theorem
Section12.3: Geometric Sequences And Series
Problem 12.58TI: What is the total effect on the economy of a government tax rebate of $500 to each household in...
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Transcribed Image Text:Question 22
Lara, owner of Huck's Oil Change Ltd, meets with a life insurance agent to discuss a
renewal package for the group benefits plan offered to employees. Lara employs 20
individuals, all of whom are covered under the group plan. The employee turnover
rate is 10%, and the insurer has rated tife group's claims experience credibility at
20%.
In establishing the group's premiums under the new plan, how much weight will the
insurer give to the standard manual rate for a comparable group?
O a) 10%.
O b) 20%.
O) 80%.
d) 90%.
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