What is rate determination: Definition and 1 Discussions
Rate making, or insurance pricing, is the determination of rates charged by insurance companies. The benefit of rate making is to ensure insurance companies are setting fair and adequate premiums given the competitive nature.
A well known rate of reaction experiment is the reaction between sodium thiosulphate and Hydrochloric acid in which colloidal Sulphur is produced. Over time this obscures a cross placed beneath the reaction vessel. Reaction time can then be measured for various concentrations of thiosulphate...