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Enterprise Systems: SAP, FAS & Insurance Technology
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Which one of the following regarding Rating in PLUS is not True?
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A
Modification of the rated premium does not require to be rated again by the Ratabase
💡 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.