Multiple choice technology

Ratabase is

  1. A Third party tool that holds rules and tables that will be used in rating a Policy.

  2. A DLL invoked from RBOS2LNK program with all the required information of the policy

  3. A tool which calculates the premium and applies the discounts, surcharges and taxes applicable

  4. All the above
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

Ratabase is all of the above: it's a third-party tool that holds rules and tables, is invoked from RBOS2LNK program, and calculates premium with discounts/surcharges/taxes.

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