Under a Community Rating, All Consumers Pay the Same Premium

question 4

True/False

Under a community rating, all consumers pay the same premium regardless of his or her actual experience.

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Definitions:

Single-family Homes

These are stand-alone houses designed to be occupied by a single family, offering privacy and space.

Eminent Domain

The power of a government to take private property for public use, with compensation to the owner.

Private Property

Ownership of property (land, buildings, or personal items) by individuals or corporations, recognized and protected by law.

Economic Growth, Regulatory Relief, and Consumer Protection Act

is a law intended to ease regulations on small and medium-sized banks and enhance consumer protections.