Insurance Works Because

question 186

Multiple Choice

Insurance works because

• A) all policyholders pay in according to risks and all then receive a pay out in return.
• B) all policyholders pay in according to risks and then receive a pay out only if they incur a loss.
• C) all policyholders pay in according to risks and nobody receives any pay out.
• D) only high risk policyholders pay in while everyone is entitled to a pay out.

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Definitions:

HTML

Hypertext Markup Language is the official markup language utilized for the construction and design of websites.

Circuit Switching

A method in telecommunications where a dedicated communication path is established between two points for the duration of the conversation.

DNS

Domain Name System, an internet service that translates domain names into IP addresses, allowing users to access websites with human-readable names.

DHCP

Dynamic Host Configuration Protocol (DHCP) is a network management protocol used to automate the process of configuring devices on IP networks, assigning IP addresses and other network settings.