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Insurance
?
Which of the following are the three major goals of insurance rate regulation?
Ensure that rates are adequate, are not excessive, and are unfairly discriminatory.
Ensure that rates guarantee insurance company solvency, are affordable, and are
not overly complex.
Ensure that rates do not allow insurers excessive or unreasonable profits, are high
enough to pay all claims and expenses, and result in fair, consistent, and equitable
charges among all insured groups.
Ensure that rates are actuarially sound, are affordable to all, and are equitable.
Show Result
Correct
- Your answer is correct.
Wrong
- Your answer is wrong.
Detailed Answer
C
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