When the Parties Agree to a Change in the Terms

question 13

Multiple Choice

When the parties agree to a change in the terms of an existing insurance contract,they may do so by attaching a separate paper called

• A)an amendment.
• B)a supplement.
• C)an endorsement.
• D)a recommendation.
• E)a rider.

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Definitions:

CEOs

Chief Executive Officers, the highest-ranking individuals in a company, responsible for major corporate decisions.

Team Effectiveness

Refers to the capability of a group of people to achieve agreed-upon goals or objectives in an efficient and timely manner.

Clear Objectives

Well-defined, specific, measurable, and achievable goals set by an individual or organization.

Job Security

the probability that an individual will keep their job; a sense of certainty that one's employment is stable.