Question

The term ‘freedom with restrictions’ best describes which of the following regulatory systems?

a.

Use and File system

b.

File and use system

c.

Free system

d.

None of the above

Answer: (a).Use and File system Explanation:Use and file systems provide an opportunity to the insurer for innovation in the product design.

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Q. The term ‘freedom with restrictions’ best describes which of the following regulatory systems?

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