Information Collected About Customers May Include All of the Following

question 103

Multiple Choice

Information collected about customers may include all of the following except?

• A) Customer transactions
• B) Customer contacts
• C) Demographic information
• D) Customer health information

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Definitions:

High Risk

Refers to situations or investments that have a high potential for loss or failure.

Average Premium

The mean amount paid for insurance coverage across a defined set of policies, reflecting the average cost to the insured.

Expected Loss

A financial term representing the anticipated amount of loss a company may suffer, calculated as the probability of an event times the potential loss amount.

Secure Neighborhood

An area with low crime rates and effective safety measures, making it a desirable place to live.