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Disadvantages of Automobile Insurance Plans Include Which of the Following

question 42

Multiple Choice

Disadvantages of automobile insurance plans include which of the following?
I.High premiums may cause many high-risk drivers to go uninsured.
II.Large underwriting profits have resulted in high-risk drivers subsidizing the cost of insurance for good drivers in the voluntary markets.


Definitions:

Business Selling

The activity of selling products or services directly to other businesses rather than individual consumers.

Approach Step

A preliminary phase in a sales process or project methodology where strategies are determined.

Customer Profile

A detailed description of a business's typical customers, including demographics, behaviors, and preferences.

Building Rapport

The process of establishing a mutual trust, understanding, and good communication with someone, often used in the context of sales and negotiation.

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