Which of the Following Statements About the Use of Deductibles

question 6

Multiple Choice

Which of the following statements about the use of deductibles is (are) true?
I.They represent risk retention by insurance purchasers.
II.They tend to increase the cost of adjusting small claims.

• A)I only
• B)II only
• C)both I and II
• D)neither I nor II

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Definitions:

Technological Determinism

The theory that society's technology shapes its cultural values, social structure, and history.

Society

A group of people who shape their lives in aggregated and patterned ways that distinguish their group from others.

Traditionally Urban Jobs

Occupations commonly found in city environments, often relating to industries like finance, services, and technology.

Rural Rebound

A demographic trend where people move from urban to rural areas, often seeking improved quality of life or to escape the congestion of cities.