If the premium charged for a particular insured is increased or decreased for a future period based on that insured's loss experience for a period in the recent past, the policy uses a(n)

If the premium charged for a particular insured is increased or decreased for a future period based on that insured's loss experience for a period in the recent past, the policy uses a(n)



A: Retrospective rating plan

B: Experience rating plan

C: Judgment rating plan

D: Manual rating plan



Answer: Experience rating plan

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