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What is the Definition of Prior Approval States?

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What is the Definition of Prior Approval States?

States where insurance companies must file proposed rate changes with state regulators, and gain approval before they can go into effect.

Source: Insurance Handbook A guide to insurance: what it does and how it works | https://www.iii.org/

Label: Insurance
Theme: Dictionary of Insurance Terms

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What is the Definition of Prior Approval States?

You can find random definition and meaning of insurance terms below:

What is the meaning of Personal effects (RV insurance)

Optional coverage to fix or replace personal property inside your RV that has been lost or damaged.

What is the meaning of Personal injury (Homeowners insurance)

Provides coverage for the personal injury to others, such as false arrest, libel (written), slander (verbal), or invasion of privacy.

What is the meaning of Personal injury protection (auto)

Coverage for medical expenses to or for an insured in the event of an accident, regardless of who is at fault. May also pay for funeral costs, lost wages and costs for household services. Also known as no-fault. Coverage varies from state to state.

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