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LER 425 Benefit Costing: Experience Rating essay The experience rating of benefit plans achieves the ultimate degree of premium equity among policy holders

LER 425 Benefit Costing: Experience Rating essay The experience rating of benefit plans achieves the ultimate degree of premium equity among policy holders. In your essay, please comment on the following:Define experience ratingWhy might this be a more fair way to rate benefit premiums?Why is it not used every time benefit premiums are rated?Are there any drawbacks to using experience rating and why?

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