State insurance laws require that premiums not be excessive, inadequate, or unfairly discriminatory.

Name: State insurance laws require that premiums not be excessive, inadequate, or unfairly discriminatory.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

This is a requirement under state insurance laws known as the "fairness doctrine." Insurers must price policies at a level that reflects the risks involved, but cannot discriminate unfairly against any particular group or individual.

State Insurance Laws Require That Premiums Not Be Excessive, Inadequate