Que. 1 : Q1) Pure premium is the premium that would be sufficient to offset all accident claim cost. Say whether True of False.    1.  a) True    2.  b) False    3.      4.   Que. 2 : Q2) Under which rate regulatory system, it only requires prior approval if the rate change is substantial, such as 10% to 25%?    1.  a) Open competition laws […]