Which One of the Following Would Be an Example of a Rating

question 2

Multiple Choice

Which one of the following would be an example of a rating territory that helps determine insurance rates?

• A)Paul Carter drives a 2002 Volkswagen Eurovan.
• B)Mary Williams is 73 years old.
• C)Kathy Smith lives in Guthrie,Oklahoma.
• D)Jeremy Davis is married.
• E)John Brown has had three speeding tickets in five years.

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Definitions:

Licensing

Licensing is the process whereby a company allows another entity to use its intellectual property, brand, or product for a specified period in exchange for fees or royalties.