Which of the Following Is a Basic Characteristic of Insurance

question 24

Multiple Choice

Which of the following is a basic characteristic of insurance?

• A)pooling of losses
• B)avoidance of risk
• C)payment of intentional losses
• D)certainty about specific losses that will occur

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Definitions:

Illness Anxiety Disorder

A chronic psychiatric disorder characterized by excessive worry about having a serious medical illness, despite having minor or no symptoms.

Excessive Worrying

A condition where an individual experiences persistent, excessive, and unrealistic worry about everyday things, significantly impacting daily functioning.

Anxiety Disorder

A group of mental disorders characterized by significant feelings of anxiety and fear, impacting daily functioning.

Avoidant Personality Disorder

Avoidant personality disorder is characterized by a pervasive pattern of social inhibition, feelings of inadequacy, and extreme sensitivity to negative evaluation.