Alberta General Insurance Level 1 Practice Exam

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What outcome is not expected from risk-based regulatory models?

  1. High system costs

  2. Empowered consumers

  3. Market stability

  4. Timely and fair claims management

The correct answer is: High system costs

Risk-based regulatory models are designed to reduce risk and promote stability in the market. High system costs would not be an expected outcome because these models aim to optimize resources and minimize unnecessary expenses. Additionally, empowered consumers, market stability, and timely and fair claims management are all expected outcomes because risk-based regulatory models prioritize fair and transparent processes for all stakeholders.

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