Multiple Choice
An insurance rate must by law in most states meet all but one of the following requirements:
A) must be adequate to meet future losses,
B) must not be excessive,
C) must be fair,
D) must encourage loss control efforts by the insured,
E) all of these conditions must be met.
Correct Answer:
Verified
Correct Answer:
Verified
Q26: The amount of risk retained by a
Q27: Claims management in insurance is characterized by
Q28: The pure premium is<br>A) the same as
Q29: Match the descriptions with their terms:<br>-The two
Q30: Match the descriptions with their terms:<br>-The name
Q32: The proportion of general account assets of
Q33: The most common types of pro-rata reinsurance
Q34: Match the descriptions with their terms:<br>-An organization
Q35: Match the descriptions with their terms:<br>-The _
Q36: Match the descriptions with their terms:<br>-The _