A Vehicle Exists,actually Belongs to the Insured,and Is Actually Stolen

question 24

Multiple Choice

A vehicle exists,actually belongs to the insured,and is actually stolen.How does fraud occur in this type of situation?

• A) The fraud occurs when the insured makes a false claim concerning the physical or mechanical condition of the vehicle when it was stolen.
• B) The fraud occurred when the owner initially purchased the vehicle and insured it for more than it was worth.
• C) The vehicle that exists is not the vehicle that is on the insurance policy.
• D) None of the preceding.

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Definitions:

Nonthreatening

Describes an attitude, behavior, or situation that does not pose any danger or cause anxiety.

Outgroup Homogeneity Bias

The assumption that outgroup members are more similar to one another than ingroup members are to one another.

Outgroup Homogeneity Bias

The perception that individuals outside one's own group are more similar to each other than they really are.

Outgroup Members

Individuals who are perceived as not belonging to one's own group, often defined in contrast to ingroup members, and may be subject to differing treatment or biases.