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Which of the Following Is Associated with Order and Efficiency

question 106

Multiple Choice

Which of the following is associated with order and efficiency, conformity, and low rates of change?


Definitions:

Deductible

The amount paid out of pocket by the policyholder before an insurance company pays a claim.

Insurance Premiums

The amount paid by an individual or business for insurance coverage, typically charged monthly or annually.

Deducted

The process of subtracting an amount from a total, especially from taxable income or expenses.

Insurance Premiums

Payments made regularly to an insurance company in exchange for coverage.

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