Which of the Following Is the Best Driver to Maintain

question 52

Multiple Choice

Which of the following is the best driver to maintain an adequate supply of insurance at affordable prices?

• A) Regulations
• B) Excluding high-risk applicants
• C) Excluding low-risk applicants
• D) Competition among insurers

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Definitions:

Selling Price

The price at which an item or service is sold to the buyer.

Base Salary

The initial rate of compensation that an employee receives, not including any extra benefits, bonuses, or earnings that might be applicable.

Gross Salary

The total compensation received by an employee before any deductions like taxes, retirement contributions, and health insurance.

Commissioned

The act of formally choosing someone to perform a particular task or granting them the authority to carry out a specific duty.