An Insurance Company Pools Clients' Risks to Make Payments More

question 6

True/False

An insurance company pools clients' risks to make payments more affordable for the insured.

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Definitions:

IQ

Short for Intelligence Quotient, a measure of a person's cognitive abilities relative to their age group.

Culture Free

Pertains to tests or assessments designed to be free from cultural bias, theoretically allowing for impartial assessment regardless of the test taker's background.

Culture Fair

Pertaining to tests or assessments designed to minimize bias, ensuring fairness to individuals from all cultural and linguistic backgrounds.

Wechsler Scales

A set of standardized tests used to assess cognitive and intellectual abilities in children and adults.