Briefly describe the major types of rating laws.
Answer to relevant QuestionsExplain the following actions by agents that are prohibited by state law:a. Twistingb. RebatingA drunk driver ran a red light and smashed into Kristen's car. The cost to repair the car is $8000. She has collision insurance on her car with a $500 deductible.a. Can Kristen collect from both the negligent driver's ...Explain the general rules of agency that govern the actions of agents and their relationship to insureds.a. A manufacturing firm incurred the following insured losses, in the order given, during the current policy year. Loss Amount of LossA ............. $ 2500B ............. 3500C ...Describe a typical coinsurance clause in an individual or group medical expense insurance policy.
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