All of the Following Statements About the Online Insurance Industry

question 22

Multiple Choice

All of the following statements about the online insurance industry are true except:

• A)the Internet has dramatically changed the insurance industry's value chain.
• B)Web sites of almost all the major firms provide the ability to obtain an online quote.
• C)Internet usage has led to a decline in term life insurance prices industry-wide.
• D)the industry has been very successful in attracting visitors searching for information.

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Definitions:

Family Home

A residence where a family lives, often considered in legal contexts regarding its protection and rights against creditors or in cases of divorce.

Undue Influence

A legal term referring to a situation where a person takes advantage of their power over another person, leading to unfair agreements.

Unsound Mind

A state or condition in which an individual lacks the legal or mental capacity to manage personal affairs or understand the consequences of actions.

Intestate Succession

The process by which property passes to others when people die without a will.