Under One Type of Rating Law,insurers Are Free to Change

question 49

Multiple Choice

Under one type of rating law,insurers are free to change rates and to use modified rates immediately.However,the new rate must be filed with regulators within a specified period,such as 60 days after the modified rate is employed.This type of rating law is called

• A)prior approval.
• B)file-and-use.
• C)use-and-file.
• D)flex rating.

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Definitions:

Fast-Track Programs

Initiatives designed to accelerate career advancement for high-potential employees.

Young Managers

Individuals who hold management positions at a relatively early age, often bringing new perspectives and innovative approaches to leadership.

Mentoring Functions

The various roles a mentor may play, including providing guidance, advice, and support to aid in the professional development of a mentee.

Technical Development

The process of enhancing technical skills and knowledge, often through research, innovation, and training.