The Price Per Unit of Insurance Is Called the

question 51

Multiple Choice

The price per unit of insurance is called the

• A)premium.
• B)loss adjustment expense.
• C)rate.
• D)loss reserve.

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Definitions:

Contextual

Pertaining to the circumstances or conditions in which something exists or occurs.

Biological

Pertaining to the science of life or living organisms, encompassing their physiological processes, structural changes, and growth.

Gender Schema

A cognitive framework that organizes information regarding gendered characteristics and behaviors, influencing how individuals perceive and interact with the social world.

Gender Stability

The understanding and recognition that one’s gender remains constant over time and is not changed by superficial alterations in appearance or activities.