Which Answer Is an Example of an Economic Factor That

question 17

Multiple Choice

Which answer is an example of an economic factor that can cause families to need extra supports and services?

• A)birth of a baby
• B)marriage of the oldest sibling
• C)parent's loss of a job
• D)moving to a new community

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Definitions:

Claim

A demand for something as due, particularly money, property, or legal relief, often the subject of legal action.

Insurer Duty

The obligations that an insurance company has toward its policyholders, including the duty to act in good faith and to pay valid claims.

Incontestability Clause

A clause in a policy for life or health insurance stating that after the policy has been in force for a specified length of time (usually two or three years), the insurer cannot contest statements made in the policyholder’s application.

Insurance Policy

A contract between an insurer and a policyholder that outlines the terms and conditions under which the insurer agrees to compensate for specific losses.