Under what type of rate regulation are insurers required to obtain approval of rates before using them if the rate change exceeds a specified predetermined range?

Name: Under what type of rate regulation are insurers required to obtain approval of rates before using them if the rate change exceeds a specified predetermined range?
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Flex-rating law requires insurers to obtain approval for rate changes that exceed a specified range, allowing some flexibility within that range.

Under What Type of Rate Regulation Are Insurers Required to Obtain