Use of Systems Like Point-Of-Sale, Radio-Frequency Identification Tags, Bar-Code Scanners

question 6

True/False

Use of systems like point-of-sale, radio-frequency identification tags, bar-code scanners, and automatic recognition has made it more difficult to understand what all the information is saying.

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Definitions:

Collision Deductible

The out-of-pocket expense that a policyholder must pay before an insurance company covers the cost of damage in a collision.

Annual Premium

The amount of money paid per year to keep an insurance policy active.

Low-risk Driver

A driver who is considered less likely to file a claim based on their driving history, age, and other factors, often resulting in lower insurance premiums.

Insurance Premiums

Payments made to an insurance company in exchange for coverage, typically paid on a regular basis such as monthly or annually.