Which of the Following Is a Principle of the Insurance

question 187

Multiple Choice

Which of the following is a principle of the insurance industry?

• A) Trade in risk can produce mutual gains.
• B) Diversification can increase risk.
• C) Deductibles add to the problem of moral hazard.
• D) Adverse selection should be used to reduce insurance costs.

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Definitions:

Sexuality

Describes the way individuals experience and express themselves as sexual beings, which can include behaviors, attractions, and identity.

Social Identity

An individual's sense of who they are based on their group memberships, such as religious affiliation, nationality, and social class.

Adolescent Attitudes

The perspectives, beliefs, and feelings that adolescents hold, which are shaped by their development and sociocultural experiences.

Sexual Behaviors

Activities or practices related to expressing sexuality, which can encompass a wide range of actions influenced by cultural, personal, and societal norms.