The ________ Accepts the Risk of Loss in Return for a Premium

question 39

Multiple Choice

The ________ accepts the risk of loss in return for a premium.

• A)insured
• B)insurer
• C)beneficiary
• D)benefactor

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Definitions:

Personal Responsibility

refers to the idea that individuals are accountable for their actions and decisions, holding themselves responsible for the outcomes of their behavior.

Critical Thinking

The objective analysis and evaluation of an issue in order to form a judgment, requiring skills such as logic, reasoning, and skepticism.

Unquestioning Obedience

A behavior pattern where individuals comply with instructions or orders from an authority figure without challenge or critical assessment.

Dispositional Traits

Enduring personal characteristics that influence behavior and attitudes across various situations.