AINS 21
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1. A flex rating law is - ANSWER An insurance rating law under which prior approval is required only if the new rates exceed a certain percentage above (and sometimes below) the rates previously file. 2. The two objectives of insurance policy form regulation are to ensure that policies are clear and readable and to - ANSWER Detect and address any policy provisions that are unfair. 3. Some insurance rating laws allow rates to be put into use immediately but require insurers to f...
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1. A flex rating law is - ANSWER An insurance rating law under which prior approval is required only if the new rates exceed a certain percentage above (and sometimes below) the rates previously file. 2. The two objectives of insurance policy form regulation are to ensure that policies are clear and readable and to - ANSWER Detect and address any policy provisions that are unfair. 3. Some insurance rating laws allow rates to be put into use immediately but require insurers to f...
From an insured's point of view, relative to the concept of agency, little distinction exists between the Select one: A. Insurance agent and the insurance department. B. Broker and the claimant C. Insurer and the insurance department. D. Insurance agent and the insurer - ANSWER>>D. Insurance agent and the insurer From an insured's point of view, relative to the concept of agency, little distinction exists between the insurance agent and the insurer. A person or entity that...
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From an insured's point of view, relative to the concept of agency, little distinction exists between the Select one: A. Insurance agent and the insurance department. B. Broker and the claimant C. Insurer and the insurance department. D. Insurance agent and the insurer - ANSWER>>D. Insurance agent and the insurer From an insured's point of view, relative to the concept of agency, little distinction exists between the insurance agent and the insurer. A person or entity that...