A System That Requires Each Insurance Company Operating in a State

question 99

Multiple Choice

A system that requires each insurance company operating in a state to provide coverage to individuals who have been unable to obtain other insurance is referred to as:

• A) no-fault insurance.
• B) an assigned risk pool.
• C) premium discounts.
• D) equal opportunity insurance.
• E) comprehensive coverage.

---

Definitions:

Hedonistic Consumption

The pursuit of pleasure and sensory gratification from the consumption of goods and services.

Positive Reinforcement

A technique used in behavior modification that involves rewarding a behavior in order to increase the likelihood of its recurrence.

Unconditioned Response

An Unconditioned Response is an automatic, reflexive reaction to an unconditioned stimulus that occurs without prior learning or conditioning.

Product Line Extension

Involves adding new products to an existing product line to attract more customers or to capitalize on established reputations.