The correct answer would be, Actual loss experience of the group.
Experience rating utilizes Actual loss experience of the group in determining the rate the insurer will change for group coverage in each year of coverage.
Explanation:
When an employer adjusts premium for workers' compensation coverage based on the loses the insurer has experienced from that employer, then this adjustment is called as the experience modifier or experience rating.
In this rating, at the end of the year, the insurer charge for group coverage the actual loss experienced due to that group.
This rating helps the insurer to determine that a particular policymaker will file a claim or not. It also helps in determining which company has produced more workers' claims in a specified period of time.
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The various provisions of the law of sales, contract law, the uniform commercial code, and tort law provide remedies to buyers and users of goods and services, and to third parties, who suffer <u>physical injuries or financial losses</u>.
The Uniform Commercial Code turned into an try to expand a set of legal guidelines that pondered the manner enterprise became honestly conducted. All 50 states have followed some version of the UCC. Article 2 of the UCC deals with the income of products. Tangible objects which can be movable at the time of their identity to an agreement.
The Law of Sale of goods is a group of guidelines and liabilities that are put in place to provide a safety net for consumers. The law imposes terms and conditions on transactions between someone or an organization that enters into a settlement to sell items.
A tort is an act or omission that gives an upward push to damage or harm to another and quantities to a civil wrong for which courts impose legal responsibility. Within the context of torts, "damage" describes the invasion of any legal right, whereas "harm" describes a loss or detriment in truth that a person suffers.
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Full question
Blow up." Jeanie is hauling gas in the back of her pick-up truck for her personal watercraft. She is planning a lake party and thinks she will need a lot of it. On the way home, Jeanie stops at the automatic teller machine at her bank and exits her car. Holly pulls behind her and negligently rear-ends Jeanie's pick-up. The truck explodes and results in the bank building burning to the ground. The bank sues Holly for negligence claiming that Holly should have to pay for the entire bank building. The bank claimed that it should be able to recover under the res ipsa loquitur doctrine.
A. The bank is correct because under that doctrine defendants are liable for any harm caused.
B. The bank is correct only if Holly has sufficient insurance to cover the bank burning.
C. The bank is correct only if it can be established that Holly was a repeat driving offender.
D. The bank is incorrect because the issue here is causation, not whether there was a lack of due care.
E. The bank is incorrect because res ipsa loquitur is a defense.
The bank is incorrect because the issue here is causation, not whether there was a lack of due care. The bank should be more concerned about what caused the explosion which really had nothing to do with Holly but why did the pick-up truck explode. How does Holly parking her car at rear-ends of Jeanie's pick up cause an explosion due to negligence. What is the prove
The common law of negligence, the res ipsa loquitur doctrine states that a breach of a party's duty of care may be inferred from the events that occurred. In other words, the negligence is so noticeable that you can tell that someone had a negligent hand in what happened.
