In general, insurance regulators require insurance rates to be adequate, not excessive, and not unfairly discriminatory. The best reason for such regulation is to keep rates:

In general, insurance regulators require insurance rates to be adequate, not excessive, and not unfairly discriminatory. The best reason for such regulation is to keep rates:



A) stable over short periods of time.

B) responsive to changing economic conditions.

C) adequate enough to assure company profits.

D) high enough to cover loss costs.



Answer: D

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