Are you looking for the correct answer to the question “Which of the following statements is true regarding the premium computation for workers compensation insurance?”? If that’s the case, you don’t have to worry anymore. Azanswer team is here with the right answer to your question. Please check below to know the answer.
Which of the following statements is true regarding the premium computation for workers compensation insurance?
1. The premium base for workers compensation insurance varies by the type of industry in which the insured is involved.
2. The insured pays a guaranteed premium based on an estimated value of the annual income received.
3. The premium is set at the beginning of the policy period and will not change.
4. A premium auditor has the right to examine the insured’s compensation records at the end of the policy period to determine the actual premium basis.
3. The premium is set at the beginning of the policy period and will not change.
Answer: 4. A premium auditor has the right to examine the insured’s compensation records at the end of the policy period to determine the actual premium basis.
The above question Which of the following statements is true regarding the premium computation for workers compensation insurance?, Was part of Insurance MCQs & Answers. I hope you got the correct answer to your question. Have a great time ahead.
