A(n)_____ Policy Is a Contract Between an Individual and a Company

question 8

Multiple Choice

A(n) _____ policy is a contract between an individual and a company under which the company agrees to reimburse the individual for losses suffered by him or her according to specified terms.

• A)underwriting
• B)risk
• C)insurance
• D)debt
• E)reimbursement

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Definitions:

Financial Loss

The reduction in monetary value that occurs as a result of an investment decision or business operation.

Expectations

Anticipated outcomes or standards of performance in various contexts.

Good Buffer

A strategy or substance used to minimize or neutralize the impact of a negative message or effect.

Diverts Attention

The act of causing one's focus to shift away from a primary task or subject towards something else.