How does a flex rating law work?

How does a flex rating law work?



A. Insurers may adjust rates within a range without prior approval.
B.Insurers may change rates without prior approval, but they are subject to regulatory review.
C. Insurers may adjust rates within a range with prior approval.
D.Insurers may adjust rates at will, but are required to file a rate schedule.


Answer: A. Flex rating laws permit insurers to adjust rates within a range without prior approval.

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