An insurance rate must by law in most states meet all but one of the following requirements:
A) must be adequate to meet future losses,
B) must not be excessive,
C) must be fair,
D) must encourage loss control efforts by the insured,
E) all of these conditions must be met.

Question

Quizplus · Accepted Answer

Insurance rates are typically required to be adequate, not excessive, and fair, but they are not legally required to encourage loss control efforts by the insured.

An Insurance Rate Must by Law in Most States Meet