Insurance rates are also based on the insurer's projected expenses. Expenses can change over time...
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Insurance rates are also based on the insurer's projected expenses. Expenses can change over time and when conditions change dramatically, rather than past expenses, it is sometimes more relevant for the insurer to use Select one: A Only budgeted expenses. B Only incurred expenses. C Judgment or budgeted expenses. D Budgeted but unallocated expenses.
Insurance rates are also based on the insurer's projected expenses. Expenses can change over time and when conditions change dramatically, rather than past expenses, it is sometimes more relevant for the insurer to use
Select one:
A Only budgeted expenses.
B Only incurred expenses.
C Judgment or budgeted expenses.
D Budgeted but unallocated expenses.
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