The Primary Purpose of Coinsurance in Property Insurance Is to

question 49

Multiple Choice

The primary purpose of coinsurance in property insurance is to

• A)reduce moral hazard.
• B)achieve equity in rating.
• C)minimize problems in settling claims.
• D)eliminate small losses.

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Definitions:

Social Behaviorists

Scholars or practitioners who study how behavior is influenced by the social environment.

Radical Behaviorists

Psychologists who explain behavior in terms of external stimuli and observable responses, minimizing the role of the mind or consciousness.

Observable Behaviors

Observable behaviors refer to actions or reactions of an individual or system that can be directly seen and measured.

Creative Part

The component of a process or system that involves innovation, imagination, and the generation of new ideas.