Insurers Obtain Data Which Can Be Used to Determine Rates

question 49

Multiple Choice

Insurers obtain data which can be used to determine rates from

• A)pricing pools.
• B)insurance advisory organizations.
• C)banks.
• D)reciprocal exchanges.

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Definitions:

Behaviorist

A proponent of the psychological approach focusing on observable behaviors and the ways in which they're learned, rather than on cognitive or emotional processes.

Piagetian

Piagetian relates to the theories of cognitive development proposed by Swiss psychologist Jean Piaget, focusing on how children develop intellectual abilities.

Psychometric

Relates to the science of measuring mental capacities and processes.

Information-processing Abilities

Refers to the cognitive capacities to perceive, analyze, and manipulate information efficiently and effectively.