Abstract
States do not directly regulate the premium rates for credit life insurance.1 However, states do substantially influence prevailing rates in the following manner: each state establishes what are known as prima facie rates, which are the maximum rates an insurance company can charge in that state without formally justifying the need for a higher rate. As a consequence, prima facie rates often serve as de facto determinants of the maximum premium rates charged in a particular state.
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© 1996 Kluwer Academic Publishers
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Barron, J.M., Staten, M.E. (1996). The Impact of Rate Regulations on Sales Practices. In: Consumer Attitudes Toward Credit Insurance. Innovations in Financial Markets and Institutions, vol 10. Springer, Boston, MA. https://doi.org/10.1007/978-1-4613-1327-4_7
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DOI: https://doi.org/10.1007/978-1-4613-1327-4_7
Publisher Name: Springer, Boston, MA
Print ISBN: 978-1-4612-8570-0
Online ISBN: 978-1-4613-1327-4
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