Nguyên tắc bảo hiểm chungCâu 246 / 531
Rates are required to be adequate, not excessive, and not unfairly discriminatory. A rate meets the adequacy test when it:
a.brings in enough to pay the expected losses and expenses of the class
b.matches the rate filed by the largest insurer in that class
c.is the highest price a competitive market will bear that year
d.charges every insured in the line an identical premium
Giải thích
A rate is built from the expected loss cost plus expenses plus an allowance for profit and contingencies, so adequacy asks whether the price will fund the losses and costs of the class and keep the insurer solvent. Not excessive means the price is not unreasonably high for the coverage given, and not unfairly discriminatory means insureds with similar loss potential are charged similarly, which is not the same as charging everyone the same amount.
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