The Two Policy Categories Offered by Property & Casualty Insurers

question 52

Multiple Choice

The two policy categories offered by property & casualty insurers that are most likely to be subject to rate regulation in Canada are

• A)auto insurance and worker's compensation.
• B)homeowner multiple peril and commercial multiple peril.
• C)earthquake and flood.
• D)surety bonds and financial guaranty.
• E)product liability and farm owner multiple peril.

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Definitions:

Ongoing Process

A continuous operation or progression of steps in a particular task or activity that does not have a definite end.

Complex Objectives

Goals that are multifaceted, challenging to achieve, and often require coordination among various stakeholders.

Values

Fundamental beliefs or principles that guide behavior and judgments about what is important in life.

SMART Goals

Objectives that are Specific, Measurable, Achievable, Relevant, and Time-bound, making them clear and reachable.