In States That Use This Method, an Insurer or Its

question 30

Multiple Choice

In states that use this method, an insurer or its rating bureau must file its new rates and have them approved by the commissioner before using them.Identify this property/casualty rate regulation method.

• A)Prior approval method
• B)File-and-use method
• C)Twisting method
• D)Statutory accounting method
• E)Remittance method

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Definitions:

Mentoring

A developmental relationship in which a more experienced or knowledgeable person helps to guide a less experienced or less knowledgeable person.

Role Modelling

The process of influencing others by providing an example to imitate in terms of behavior, attitudes, or skills.

Return On Investment

An indicator determining an investment's efficiency or earning potential by dividing its gains by the investment's cost.

Nutrition Program

A plan or course of action designed to achieve specific dietary goals, often to improve health, manage weight, or enhance athletic performance.