The Price Per Unit of Insurance Is Called the

question 51

Multiple Choice

The price per unit of insurance is called the

• A)premium.
• B)loss adjustment expense.
• C)rate.
• D)loss reserve.

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Definitions:

Backstabs

Acts of betrayal or disloyalty typically involving deceitful actions against someone who trusts the betrayer.

Productivity

The quantification of how effectively a human, device, manufacturing plant, or system transforms inputs into outputs that are beneficial.

Team Player

An individual who works well within a group, contributing effectively to achieve shared goals and objectives.

Emotional Support

Assistance provided by offering empathy, concern, affection, love, trust, acceptance, intimacy, encouragement, or caring.