To Prevent the Use of the Insurance Policy for Wagering

question 38

Multiple Choice

To prevent the use of the insurance policy for wagering purposes,the person who is to be indemnified under the contract must have:

• A) good faith.
• B) an insurable interest.
• C) a binder.
• D) a coinsurance clause.

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Definitions:

Escape Behavior

An action taken to terminate an ongoing, unpleasant stimulus, effectively allowing an individual to avoid discomfort.

Drive

An internal motivational state created by physiological or psychological needs that drives an individual towards specific behaviors.

Pavlovian Conditioning

A learning process that occurs when two stimuli are repeatedly paired; a response that is at first elicited by the second stimulus is eventually elicited by the first stimulus alone.

Reward

A stimulus that increases the likelihood of a behavior being repeated.