Which of the Following Is a Basic Characteristic of Insurance

question 24

Multiple Choice

Which of the following is a basic characteristic of insurance?

• A)pooling of losses
• B)avoidance of risk
• C)payment of intentional losses
• D)certainty about specific losses that will occur

---

Definitions:

Delivering Bad News

The process of communicating unfavorable or disappointing information in a considerate and tactful manner.

Fair and Reasonable

Terms and conditions or prices that are just, equitable, and not excessive.

Bad News

Unwelcome or disheartening information that needs to be communicated with sensitivity.

Email

Electronic mail, a method of exchanging digital messages across the internet or other computer networks.