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Life Insurance Policies Are Treated as Ongoing Contracts and Therefore

question 23

True/False

Life insurance policies are treated as ongoing contracts and therefore not subject to renewal.

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Definitions:

Punishment

A consequence given to reduce the occurrence of a particular behavior.

Modelling

The process of representing a real-world system or phenomenon through a set of mathematical equations, simulations, or physical replicas.

Extinction

In behavior, the process by which a previously reinforced behavior is weakened by no longer providing reinforcement.

Negative Reinforcement

A behavioral technique that strengthens a behavior by removing or avoiding a negative outcome or stimulus.

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