Examlex
Which of the following statements about joint underwriting associations for insuring high-risk drivers is (are) true?
I.Underwriting losses are proportionately shared by all auto insurers based on premiums written in the state.
II.Each company participating in a joint underwriting association sets it own rates.
Hypothesis
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Scientific Law
A statement based on repeated experimental observations that describes some aspects of the universe, always under the same conditions.
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A concise way of expressing information symbolically, as in a mathematical or chemical equation.
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