An insurer has filed a new rate with the Commissioner, and is waiting for a reply. The Commissioner hasn’t responded yet. After how many days can the insurer apply the new rate?

Insurance

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An insurer has filed a new rate with the Commissioner, and is waiting for a reply. The Commissioner hasn’t responded yet. After how many days can the insurer apply the new rate?

Options

a. 5 days
b. 10 days
c. 60 days
d. 45 days

Answer: b. 10 days

The above question An insurer has filed a new rate with the Commissioner, and is waiting for a reply. The Commissioner hasn’t responded yet. After how many days can the insurer apply the new rate?, Was part of Insurance MCQs & Answers. I hope you got the correct answer to your question. Have a great time ahead.