Which of the Following Items Is NOT a Benefit of Standard

question 41

Multiple Choice

Which of the following items is NOT a benefit of standard insurance policies?

• A)smaller insurers can offer cheaper insurance than larger companies if standard policies are used
• B)litigation should be reduced as policy meaning becomes understood
• C)consumers are more likely to learn the meaning of standard policies
• D)data collection and loss rate computation are easier and more accurate

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Definitions:

Operation Bootstrap

An economic development program initiated in Puerto Rico in the late 1940s to transform the economy from agriculture-based to industrial.

Puerto Rican Economy

Refers to the economic structure, dynamics, and trends of Puerto Rico, a territory of the United States, which includes industries such as manufacturing, services, and tourism.

Mexicans

Referring to the people of Mexico or persons of Mexican descent, their culture, or nationality.

Large-Scale Entry

Refers to entering or participating in a market or industry on a extensive scale, typically implying significant resources or capacity.