Which of the Following Statements Is Not True of Insurance

question 27

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.

---

Definitions:

Empowerment

The process of giving individuals or groups more power and control over their lives or work, enhancing their ability to make decisions and act on them.

Boundaries Of Empowerment

The limits or frameworks within which individuals or employees are given autonomy or decision-making power.

Specialized Knowledge

Refers to expertise or skills in a specific area or field, allowing individuals to perform tasks with high efficiency and quality.

Legitimate Power

Authority that arises from a formal position or role within an organization, leading others to comply because it is seen as rightful and accepted.