Proposition 103 Requires Insurers to Set Prices Primarily Based on Driving

question 38

True/False

Proposition 103 requires insurers to set prices primarily based on driving record, years of driving experience, and annual miles driven.

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Definitions:

Exchange Rate

The price at which one currency can be exchanged for another, affecting international trade and economics.

Imported Swiss Box Of Chocolates

A product category involving chocolates that have been produced in Switzerland and then imported into another country.

Gold Standard

A monetary system in which the standard economic unit of account is based on a fixed quantity of gold, allowing for direct conversion of currency into gold.

Ounce Of Gold

A unit of measure for weighing gold, often used in financial markets and investments to set prices or determine value.