Is there a minimum level of coverage that is required by law?

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How do insurers calculate the appropriate premium for a policy?
What types of insurance require additional regulation?
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Is there a maximum amount of premium that can be charged by an insurance company?
How do insurance companies determine the cost of their policies?
How do insurers set different rates for different types of coverage?
What is the purpose of an insurance code of conduct?
What is the purpose of insurance rate regulation?
What is insurance regulation law?

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