CAS Exam 6C Fall 2014, Question 4
Study guide: Exam 6C
Part a (0.5 points)
Define the term "credit-based insurance score."
Part b (0.5 points)
Discuss a way that a severe economic downturn can affect policyholder premiums determined using credit-based insurance scores.
Part c (0.5 points)
Describe how an actuary may respond to the situation described in part b. above.
Answer this question and see the worked solution