Insurers Obtain Data That Can Be Used to Determine Rates

question 16

Multiple Choice

Insurers obtain data that can be used to determine rates from

• A)pricing pools.
• B)insurance advisory organizations.
• C)banks.
• D)reciprocal exchanges.

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Definitions:

Shaping

In psychology, shaping is a technique used in behavior modification that involves reinforcing behaviors that are progressively closer to the desired behavior.

Behavior Therapy

A type of psychotherapy that treats mental disorders by modifying observable behaviors and uses techniques based on principles of learning.

Operant Conditioning Procedures

A method of learning that uses rewards and punishments to increase or decrease the likelihood of a behavior.

Self-efficacy

The belief in one's ability to succeed in specific situations or accomplish a task.