A. Essential Objectives 2. Produce rates that make adequate provision for contingencies a. The 100-year flood will happen. b. Tough to push rates up as industry is competitive and ph can often self-insure C. Inadequate rates endanger I C solvency3 2. Produce rates that make adequate provision for contingencies a. The 100-year flood will happen! b. Tough to push rates up as industry is competitive and ph can often self-insure c. Inadequate rates endanger I.C. solvency A. Essential Objectives