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    Risk Management and Insurance
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    Exam 24: Government Regulation of Risk Management and Insurance
  5. Question
    Laws Requiring an Insurer to Submit Its Proposed Rates to an Insurance
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Laws Requiring an Insurer to Submit Its Proposed Rates to an Insurance

Question 50

Question 50

Multiple Choice

Laws requiring an insurer to submit its proposed rates to an insurance commissioner before using them are called


A) prior approval,
B) open competition,
C) state-mandated rating,
D) confiscatory,
E) anti-monopoly.

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