Question
In: Finance
An insurance rate is the price charged for each unit of insurance coverage. should be sufficient...
An insurance rate
| is the price charged for each unit of insurance coverage. |
| should be sufficient to provide coverage for that applicant. |
| represents the average cost of providing coverage to various groups of insureds. |
| All of these. |
Solutions
Expert Solution
A rate is the price per unit of insurance for each exposure unit, which is a unit of liability or property with similar characteristics.
The answer is-
a) is the price charged for each unit of insurance coverage.
jeff jeffy answered 3 years agoRelated Solutions
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