Question

What is the rating date if a short term policy expires in the customers current rating term and is being reactivated in the same rating term? A) the reactivation date B) the original rating date C) the customers anniversary date D) the future rating term date

Answer 1

The rating date in this scenario would be the reactivation date.

Step-by-step explanation:

The answer to the question is A) the reactivation date.

The rating date refers to the date on which an insurance company assesses the risk profile of a policyholder and determines the premium rate. If a short term policy expires in the customer's current rating term and is being reactivated in the same rating term, the rating date would remain the same as the reactivation date.

For example, if a policy expires on January 1st and is reactivated on January 15th within the same rating term, the rating date would be January 15th.

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