n NISM Certifications
NSM General NISM
Medium

How can insurers ensure rates are not unfairly discriminatory?

Practice question from IC 38 Mock Test 3 — bank. The correct answer is highlighted below with a full explanation.

Options

  1. By considering all relevant rating factors

    Correct answer

  2. B

    By charging higher rates for higher quality risks

  3. C

    By charging lower rates for lower quality risks

  4. D

    By insuring only similar types of risks

A full explanation for this question is being written. In the meantime, the correct answer is highlighted above.

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