Which of the Following Statements Is Not True of Insurance

question 24

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.

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Definitions:

Explode a Slice

Explode a Slice refers to a graphing technique where a piece of a pie chart is separated from the rest to highlight it.

Pie Chart

A circular statistical graphic divided into slices to illustrate numerical proportion, where each slice represents a category's contribution to the whole.

Three Dimensional

Pertains to objects or representations that have depth, height, and width, providing a feeling of physicality or spatial presence.

Column Chart

A type of chart used in data visualization where columns are used to compare different values by their heights.