Multiple choice technology

Which one of the following regarding Rating in PLUS is not True?

  1. The User can modify the premium for certain Coverage level only after the rating is done.

  2. Modification of the rated premium requires to be rated again by the Ratabase

  3. Rating of a policy is done by the Ratabase

  4. Modification of the rated premium does not require to be rated again by the Ratabase
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

The question asks which statement is NOT true. Option D states that modification of rated premium does not require re-rating, which is false - any change to premium would require the Ratabase rating engine to recalculate. Options A, B, and C describe true facts about the PLUS rating system: users can modify premiums for certain coverage levels after rating, modifications require re-rating, and Ratabase performs the rating.

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