When Bad Drivers Line Up to Purchase Collision Insurance,automobile Insurers

question 34

Multiple Choice

When bad drivers line up to purchase collision insurance,automobile insurers are subject to the

• A)moral hazard problem.
• B)adverse selection problem.
• C)assigned risk problem.
• D)ill queue problem.

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Definitions:

Communication Skills

The ability to convey or exchange information effectively through speaking, writing, or other forms of expression.

Dual-Income

A household economic scenario where both partners earn income through employment.

Work And Family

The relationship and balance between one's professional responsibilities and family life.

Relationship

A connection or association between two or more entities, emphasizing interactions and exchanges between them.