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What is Judgement rating based on?

What is Judgement rating based on?<br/>

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Asked by Wyatt Williams, Last updated: Dec 02, 2024

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3 Answers

Patricia Wuillamey

Patricia Wuillamey

Patricia Wuillamey
Patricia Wuillamey

Answered Jun 02, 2018

A. Calculation and evaluation of the insured s past loss experience
B. Loss information reported by other states

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John Adney

John Adney

John Adney
John Adney

Answered May 03, 2017

This is the oldest form of rating. The premium is determined by considering the individual risk. No books or tables are used; premiums are established through careful judgment
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John Smith

John Smith

John Smith
John Smith

Answered Oct 11, 2016

An evaluation of the characteristics of the individual risk

A is correct. This is the oldest form of rating. The premium is determined by considering the individual risk. No books or tables are used; premiums are established through careful judgment.
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