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Brooke
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Asked: 2021-08-07T18:13:32+00:00 In:

Which of the following are the three major goals of insurance rate regulation?

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(A) Ensure that rates are adequate, are not excessive, and are unfairly discriminatory.
(B) Ensure that rates guarantee insurance company solvency, are affordable and are
not overly complex.
(C) Ensure that rates do not allow insurers excessive or unreasonable profits, are high
enough to pay all claims and expenses, and result in fair, consistent, and equitable
charges among all insured groups.
(D) Ensure that rates are not affected by competition, are not excessive, and are not
discriminatory.
(E) Ensure that rates are actuarially sound, are affordable to all, and are equitable.

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  1. Brooke
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    (D) Ensure that rates are not affected by competition, are not excessive, and are not discriminatory. The three major goals of insurance rate regulation are to ensure that rates are not affected by competition, are not excessive, and are not discriminatory.

    (D) Ensure that rates are not affected by competition, are not excessive, and are not discriminatory.

    The three major goals of insurance rate regulation are to ensure that rates are not affected by competition, are not excessive, and are not discriminatory.

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