James Lynch, I.I.I. chief actuary, provided testimony before the Maryland House of Delegates, Economic Matters Committee on February 08, 2018. "Actuaries continually test and refine their rating variables. Regulators review them and the statistical rigor behind them. Then they face the most rigorous test – the real world. These variables keep passing the tests. They have been used for more than a decade, and the insurers that use them show no sign of abandoning them."
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