All the following statements concerning regulatory objectives of insurance rate-making are correct EXCEPT: Group of answer choices Maintaining insurer solvency is one purpose of rate adequacy. Rates unfairly discriminate if loss exposures with similar losses and expenses are charged substantially different rates. Insurers do not know in advance if the insurance they market will be profitable, so rate regulation really is beneficial. Rates are excessive if policyholders pay substantially less than the actual value of their protection.