Reasons for Having a Minimum Participation Requirement Before a Group

question 33

Multiple Choice

Reasons for having a minimum participation requirement before a group is eligible for insurance include which of the following?
I.To lower the expense rate per unit of insurance
II.To minimize the possibility of insuring a group which consists largely of unhealthy individuals

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

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Definitions:

Crisis Communication

The specialized field of public relations focused on protecting and defending an organization's reputation during and after a crisis.

Damage Containment

Strategies or actions taken to minimize or limit the negative impact of a detrimental event or situation.

Benoit's Theory

A theory of image restoration that outlines strategies individuals or organizations can use to repair their reputation following a crisis.

Corporate Crisis

A significant threat to a company's operations or reputation that requires immediate management action.