The First Step in Buying Property and Liability Insurance Is

question 47

Multiple Choice

The first step in buying property and liability insurance is to develop a(n) __________. ​

• A)list of insurance agents offering insurance
• B)inventory of exposures to loss
• C)statement of premiums of five different insurance companies
• D)list of floater policies

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Definitions:

Systems Theory

An interdisciplinary theory that studies the complexity and interdependence of systems in nature, society, and science.

Open Groups

refer to groups that allow new members to join at any time, as opposed to closed groups with fixed membership.

Cohesive

Characterizes a group or material that is well-integrated or unified, allowing the members or components to work together effectively.

Hazing

Involves subjecting members of a group, often new recruits, to challenging, stressful, or humiliating tasks as part of an initiation process.