« previous next »

Author Question: The number of title insurance companies operating in State Z is relatively low. Recently, the ... (Read 32 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?

The senior population grows every year. Seniors older than 65 years of age now comprise more than 13% of the total population. However, women outlive men. In the 85-and-over age group, there are only 45 men to every 100 women.

Did you know?

Patients who have undergone chemotherapy for the treatment of cancer often complain of a lack of mental focus; memory loss; and a general diminution in abilities such as multitasking, attention span, and general mental agility.

Did you know?

Women are two-thirds more likely than men to develop irritable bowel syndrome. This may be attributable to hormonal changes related to their menstrual cycles.

Did you know?

Parkinson's disease is both chronic and progressive. This means that it persists over a long period of time and that its symptoms grow worse over time.

Did you know?

Hip fractures are the most serious consequences of osteoporosis. The incidence of hip fractures increases with each decade among patients in their 60s to patients in their 90s for both women and men of all populations. Men and women older than 80 years of age show the highest incidence of hip fractures.

Iowa State University's Tornado/Microburst Simulator Iowa State University's Tornado/Microburst Simulator
Determination of the number of theoretical stages Determination of the number of theoretical stages
Drawing of Central PompeII In Its Current State Drawing of Central PompeII In Its Current State
An 8th grade class develops a linear model that predicts the number of cheerios (a small round ... An 8th grade class develops a linear model that predicts the number of cheerios (a small round ...
Conversion of F+ to an Hfr state occurs by integration of the F factor Conversion of F+ to an Hfr state occurs by integration of the F factor
Number of cells in the brain Number of cells in the brain
Video: Bone cells and tissues - tissue composition and cells

For a complete list of videos, visit our video library