« previous next »

Author Question: The number of title insurance companies operating in State Z is relatively low. Recently, the ... (Read 62 times)

deesands

  • Hero Member
  • *****
  • Posts: 514
on: Jul 11, 2018
The number of title insurance companies operating in State Z is relatively low. Recently, the largest of these companies (50 percent market share) acquired the second largest company (30 percent market share).
 
  Immediately after the acquisition, the insurer raised premiums by 75 percent. This scenario demonstrates which of the following rationales for the regulation of insurance?
  A) maintain insurer solvency
  B) prohibit unfair sales practices by agents
  C) ensure reasonable rates
  D) make insurance available

Question 2

Under what type of rate regulation are insurers required to obtain approval of rates before using them if the rate change exceeds a specified predetermined range?
 
  A) flex-rating law
  B) prior-approval law
  C) file-and-use law
  D) use-and-file law


Chou

  • Sr. Member
  • ****
  • Posts: 335
Reply #1 on: Jul 11, 2018
Answer to Question 1

Answer: C

Answer to Question 2

Answer: A


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Inotropic therapy does not have a role in the treatment of most heart failure patients. These drugs can make patients feel and function better but usually do not lengthen the predicted length of their lives.

Did you know?

The training of an anesthesiologist typically requires four years of college, 4 years of medical school, 1 year of internship, and 3 years of residency.

Did you know?

Although not all of the following muscle groups are commonly used, intramuscular injections may be given into the abdominals, biceps, calves, deltoids, gluteals, laterals, pectorals, quadriceps, trapezoids, and triceps.

Did you know?

Asthma-like symptoms were first recorded about 3,500 years ago in Egypt. The first manuscript specifically written about asthma was in the year 1190, describing a condition characterized by sudden breathlessness. The treatments listed in this manuscript include chicken soup, herbs, and sexual abstinence.

Did you know?

To prove that stomach ulcers were caused by bacteria and not by stress, a researcher consumed an entire laboratory beaker full of bacterial culture. After this, he did indeed develop stomach ulcers, and won the Nobel Prize for his discovery.

Plasma protein binding and drug availability: (a) drug exists in a free state or bound to plasma pro Plasma protein binding and drug availability: (a) drug exists in a free state or bound to plasma pro
Federal vs state law Federal vs state law
The Steady State of the Solow Model The Steady State of the Solow Model
Estimated number of new HIV infections per year over time period in Canada Estimated number of new HIV infections per year over time period in Canada
What mass of sulfur hexafluoride, SF6, has the same number of fluorine atoms as 25.0 g of ... What mass of sulfur hexafluoride, SF6, has the same number of fluorine atoms as 25.0 g of ...
Jia's Fashions recently paid a $2 annual dividend. The company is projecting that its ... Jia's Fashions recently paid a $2 annual dividend. The company is projecting that its ...
Video: Dissociative Disorders (Part 2)

For a complete list of videos, visit our video library