Which of the Following Statements About Underwriting Standards Is (Are)true

question 43

Multiple Choice

Which of the following statements about underwriting standards is (are) true?
I.One purpose of underwriting standards is to reduce adverse selection against the insurer.
II.Equitable rates should be charged so that each group of policyowners pays its own way in terms of losses and expenses.

• A)I only
• B)II only
• C)both I and II
• D)neither I nor II

Understand various research methodologies and their applications.

Comprehend the importance and application of ethical principles in research.

Identify and explain theoretical perspectives in developmental psychology.

Recognize the role of environment and genetics in human development.

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Definitions:

Direct Sales Messages

Communications focused on promoting and selling a product or service directly to the consumer.

Persuasive Arguments

Statements designed to convince or influence others to accept a particular point of view.

Memorandums

Brief written messages, often used within organizations, to communicate policies, procedures, or official business matters.

Form Letters

Pre-written letters for mass distribution, often customizable for individual recipients but containing a standardized message.