What is the primary purpose of a rating service company such as A.M Best?

Insurance

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What is the primary purpose of a rating service company such as A.M Best?

Options

a) Determine which insurer offers the best rates
b) Determine which insurer offers the best policies
c) Determine financial strength of an insurance company
d) Determine which agent to use locally

Answer: c) Determine financial strength of an insurance company

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