Exam Study Guide Review With 299 Correctly Answered Questions Latest Update .

For which one of the following types of insurance would the judgment method of ratemaking most likely be used? Select one: A. Workers compensation coverage B. Crime coverage C. Professional liability coverage D. Terrorism coverage {Ans: D. Terrorism coverage}Which one of the following statements is correct with respect to market conduct examinations? A. they analyze only the underwriting and claims aspects of an insurer's operations B. they protect both insurers and consumers from unfair insurer practices C. they are conducted only in response to a consumer complaint D. they are performed by the national association of insurance commissioners {Ans: B. they protect both insurers and consumers from unfair insurer practices}Which one of the following types of rating plans is used most commonly for workers compensation insurance? Select one: A. Composite rating plans B. Participating plan C. Rebate plan D. Individual risk premium modification plan {Ans: B. Participating plan}Insurance underwriter Luis refuses to insure any teenage driver who appears to be discourteous or unkempt. Luis believes those behaviors will lead to greater losses under the policies he underwrites. Which one of the following practices, which underwriting regulations aim to prevent, is Luis using? Select one: A. Unfair discrimination