Which of the Following Statements Is Not True of Insurance

question 75

Multiple Choice

Which of the following statements is not true of insurance policies?

• A) The basic principles of contract law apply to insurance policies.
• B) Insurance companies tend to standardize their policies.
• C) Some states forbid standardization of insurance policies.
• D) All of these statements are untrue of insurance policies.

---

Definitions:

Existential Guilt

A condition arising from feeling responsible for not fully utilizing one's freedom to choose or for not living authentically according to one's values and potential.

Inauthenticity

The state or quality of not being genuine or true to one's own personality, spirit, or character.

Perceived Social Norms

Individuals' beliefs about the behaviors and attitudes that are considered acceptable or typical within their social group or society.

Authenticity

The quality of being genuine, true to oneself, and honest in one’s feelings, values, and beliefs.