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:

NADH

Nicotinamide adenine dinucleotide (reduced form); a coenzyme involved in redox reactions, carrying electrons from one reaction to another in cellular respiration.

Monosaccharides

The simplest form of carbohydrates, consisting of single sugar molecules like glucose and fructose, serving as fundamental energy sources.

Catabolism

All of the decomposition reactions that occur in the body; releases energy.

Glycolysis

A metabolic process that breaks down glucose to produce energy in the form of ATP.