Which of the Following Items Is not a Benefit of Standard

question 79

Multiple Choice

Which of the following items is not a benefit of standard insurance policies?

• A) Smaller insurers can offer cheaper insurance than larger companies if standard policies are used.
• B) Litigation should be reduced as policy meaning becomes understood.
• C) Consumers are more likely to learn the meaning of standard policies.
• D) Data collection and loss rate computation are easier and more accurate.

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Definitions:

Religious Faith

The belief in and devotion to spiritual beings or truths that transcend empirical evidence and are often associated with moral codes and communal practices.

Religious Socialization

The process by which individuals learn and adopt the religious beliefs, values, practices, and rituals of their community or family.

Theoretical Perspective

An established principle used to formulate hypotheses that can be tested in social sciences.

Commuter Marriages

Relationships in which both spouses live and work in different geographical areas, necessitating travel and living apart for certain periods.