policyholder benefit from surplus lines exemption of filing rates

annie123

In the wiki you mention that surplus lines is exempt from filing rates, which benefits the policy holders as the insurer can always charge adequate premium. I can see how this would benefit the insurer, but how would that directly benefit policyholders?

graham

This also benefits policyholders because it ensures that coverage will always be available. (If rates had to be filed and rate increases were limited, insurers may be less willing to offer coverage to higher risk customers)

I modified the BattleCard to make this more clear: BattleCard 10 in the Full BattleQuiz for:

• https://battleacts6us.ca/wiki6us/Porter.2-Devlpt