A System That Requires Each Insurance Company Operating in a State

question 78

Multiple Choice

A system that requires each insurance company operating in a state to provide coverage to individuals who may have had many expensive claims is referred to as:

• A)no-fault insurance.
• B)an assigned risk pool.
• C)premium discounts.
• D)equal opportunity insurance.
• E)comprehensive coverage.

Understand the purpose and process of union decertification.

Recognize the types of employees excluded from union activities according to the NLRB.

Comprehend the concept and implications of card-check provisions.

Identify key issues addressed in contract negotiations pertaining to job security.

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Definitions:

Deferred Annuity

An annuity contract that delays payments until the investor elects to receive them, often until retirement.

Payments

Amounts of money paid by one party to another, either as part of a one-time transaction or in installments over time.

Compounded Annually

This refers to the method of calculating interest where the interest earns on both the initial principal and the interest that has been accrued from previous periods, applied once a year.

Compounded Quarterly

Interest calculation method where interest is added to the principal balance of an investment or loan on a quarterly basis.