Which of the Following Statements About the Online Insurance Industry

question 11

Multiple Choice

Which of the following statements about the online insurance industry is not true?

• 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:

Sherman Act

A foundational antitrust law in the United States enacted in 1890 that prohibits monopolistic practices and promotes competition.

Enacted

Refers to the action of making a bill or proposal into law following its approval by legislative authorities.

Eliminated

Removed or gotten rid of completely.

Group Boycotts

A collective refusal by a group of businesses or individuals to deal with a particular company or person in order to pressure them or to punish them.