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 1 year ago

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An insurance rate ​is the price charged for each unit of insurance coverage. ​should be sufficient...

Solutions

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An insurance rate is the price charged for each unit of insurance coverage. should be sufficient...