Which of the Following Statements Is True of Insurance Policies

question 41

Multiple Choice

Which of the following statements is true of insurance policies?

• A)The basic principles of contract law apply to insurance policies.
• B)Insurance companies tend to standardize their policies.
• C)Some states forbid standardization of insurance policies.
• D)All of the above.
• E)(a) and (b), but not (c).

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Definitions:

Honesty

The quality of being truthful, transparent, and free from deceit or fraud in one's actions and statements.

Equality

The state of being equal, especially in status, rights, and opportunities.

Self-Efficacy

An individual's belief in their own capability to execute behaviors necessary to produce specific performance attainments.

Self-Esteem

An individual's perception of their own worth or value.