CAS Exam 6C Fall 2016, Question 4
Study guide: Exam 6C
Part a (2.25 points)
Describe one rate regulatory approach within each of the following systems and provide an example of how each approach is used in Canada, where applicable.
- i. active rate regulation
- ii. moderate rate regulation
- iii. competitive rating
Part b (1 point)
Fully discuss the circumstances under which an insurer in Ontario could file automobile rates using the simplified guidelines.
Answer this question and see the worked solution
Concepts tested
- Rate Regulation
- Usage-Based Insurance
- Financial Services Regulatory Authority of Ontario
- Public Auto Insurance
- Insurance Regulation