« previous next »

Author Question: Under one type of rating law, insurers are free to change rates and to use modified rates ... (Read 114 times)

sabina

  • Hero Member
  • *****
  • Posts: 563
on: Jul 11, 2018
Under one type of rating law, insurers are free to change rates and to use modified rates immediately. However, the new rate must be filed with regulators within a specified period, such as 60 days after the modified rate is employed.
 
  This type of rating law is called
  A) prior approval.
  B) file-and-use.
  C) use-and-file.
  D) flex rating.

Question 2

Mutual Property Insurance Company has a surplus of 2 million. According to a conservative rule, how much in new net premiums can Mutual Property Insurance Company safely write?
 
  A) 2 million
  B) 8 million
  C) 10 million
  D) 20 million


Sassygurl126

  • Sr. Member
  • ****
  • Posts: 320
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?

Thyroid conditions may make getting pregnant impossible.

Did you know?

It is believed that the Incas used anesthesia. Evidence supports the theory that shamans chewed cocoa leaves and drilled holes into the heads of patients (letting evil spirits escape), spitting into the wounds they made. The mixture of cocaine, saliva, and resin numbed the site enough to allow hours of drilling.

Did you know?

Atropine, along with scopolamine and hyoscyamine, is found in the Datura stramonium plant, which gives hallucinogenic effects and is also known as locoweed.

Did you know?

Fewer than 10% of babies are born on their exact due dates, 50% are born within 1 week of the due date, and 90% are born within 2 weeks of the date.

Did you know?

Most strokes are caused when blood clots move to a blood vessel in the brain and block blood flow to that area. Thrombolytic therapy can be used to dissolve the clot quickly. If given within 3 hours of the first stroke symptoms, this therapy can help limit stroke damage and disability.

Free Blacks in 1850 Free Blacks in 1850
Comparison of Type 1 and Type 2 Diabetes Comparison of Type 1 and Type 2 Diabetes
In a gear-type oil pump, the oil flows through the pump around the outside of each gear. This is an ... In a gear-type oil pump, the oil flows through the pump around the outside of each gear. This is an ...
Free Energy Rules: The Second Law in Open Systems Free Energy Rules: The Second Law in Open Systems
Coral growth rings as an indicator of environmental change Coral growth rings as an indicator of environmental change
Video: Skin Cancer

For a complete list of videos, visit our video library