Under one type of rate regulation, insurers do not have to register their rates with state regulatory authorities. However, insurers may be required to furnish rate schedules and supporting data to state officials
A fundamental assumption underlying this type of rating law is that market forces will determine the price and availability of insurance, rather than discretionary acts of regulators. This type of rate regulation is called
A) a flex-rating law.
B) a prior-approval law.
C) a file-and-use law.
D) no filing required.
Answer: D
Business
You might also like to view...
________ identify the producers as belonging to a larger group
A) Product trademarks B) Service marks C) Collective marks D) Certification marks
Business
Which of the following are bureaucratic rules designed to make it difficult for imports to enter a country?
A. Voluntary export restraints B. Consumer regulations C. Subsidies D. Administrative trade policies E. Public sector regulations
Business