The danger of regulators eliminating these rating factors is that it may, in the future, make these risks harder to place in the preferred market. The other challenge of eliminating caps is that it doesn’t allow insurers to gradually implement new rating plans.
The danger of regulators eliminating these rating factors is that it may, in the future, make these risks harder to place in the preferred market. The other challenge of eliminating caps is that it doesn’t allow insurers to gradually implement new rating plans.