Seller Martin agreed to give a listing to Broker Hagg, provided that Martin would net $37,000 from the sale after paying the broker's 4% commission and settlement costs of approximately $600. Under these circumstances, Broker Hagg should list the property for at least:

Focused low-cost and focused differentiation strategies carry very little risk for the companies that make use of them.

a. true b. false

All of the following statements about regulatory objectives of insurance rate making are true EXCEPT

A) One purpose of rate adequacy is to maintain the solvency of insurers. B) Rates unfairly discriminate if loss exposures that are similar with respect to losses and expenses are charged substantially different rates. C) Insurers know in advance if the coverages marketed will be profitable, so rate regulation is not needed. D) Rates are excessive if policyholders are paying substantially more than the actual value of their protection.