Level: Intermediate
Why you need this learning module:
After completing this learning module, you’ll be able to enter your organization’s annual workers compensation losses into the retrospective rating insurance premium formula.
Upon successful completion of this learning module, you should be able to:
- Describe the purpose and operation of retrospective rating plans.
- Given a case, calculate the premium for a retrospective rating plan.
- Describe the types of retrospective rating plans.
- Describe the administration of retrospective rating plans.
- Describe the advantages and disadvantages of retrospective rating plans.
- Given a case, justify a retrospective rating plan that can meet an organization’s risk financing needs.
Cost: $20 per Professional Development Hour (PDH). Information on Professional Development Hours (PDH) provided can be found here.
Retrospective Rating Plans Topics Include:
- Purpose and operation of retrospective rating plans
- How to calculate the premium for a retrospective rating plan
- Types of retrospective rating plans
- Administration of retrospective rating plans
- Advantages and disadvantages of retrospective rating plans
- How to justify a retrospective rating plan that can meet an organization’s risk financing needs
Additional Course Resource
Additional Knowledge Solutions
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