The Basic Purpose of FAIR Plans Is to Provide

question 20

Multiple Choice

The basic purpose of FAIR plans is to provide

• A)property insurance to persons who cannot obtain it in normal markets.
• B)automobile insurance to persons who cannot obtain it in normal markets.
• C)health insurance to persons who cannot afford it in normal markets.
• D)workers compensation insurance to employers who do business in several states.

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Definitions:

Permatemp

A worker whose status is somewhere between a temporary and permanent employee, often without the full benefits of permanent status despite working long-term for an employer.

Base Compensation

The initial salary or wage provided to an employee not including any extra benefits such as bonuses or commissions.

Recency Bias

A cognitive bias that gives undue weight to recent events or information when making decisions.

Critical-Incident Technique

Critical-Incident Technique is a qualitative research method used to collect and analyze incidents which are perceived as particularly significant by participants, often to improve service or performance.