Washington State Insurance Practice Exam 2025 – 400 Free Practice Questions to Pass the Exam

Question: 1 / 400

Which factor is not considered while determining insurance rates?

Loss adjusting expenses

When determining insurance rates, factors such as loss adjusting expenses, operating expenses, and loss reserves are all taken into account. However, policyholder's personal preferences do not influence the calculation of insurance rates. Insurance rates are mainly determined based on actuarial data, underwriting factors, and statistical analysis rather than individual policyholder preferences.

Get further explanation with Examzify DeepDiveBeta

Policyholder's personal preferences

Operating expenses

Loss reserves

Next Question

Report this question

Subscribe

Get the latest from Examzify

You can unsubscribe at any time. Read our privacy policy