In Order for Insurance Companies to Generate Predictable Payouts, They

question 21

Multiple Choice

In order for insurance companies to generate predictable payouts, they need to:

• A) spread the risk across many policies.
• B) accept policyholders from a very specific geographic area.
• C) focus on insuring only specific events, for example only fire.
• D) offer only life insurance.

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Definitions:

Lifestyle Adjustment

Changes made to one's way of living to improve personal well-being, adapt to new circumstances, or achieve specific goals.

Attitude Adjustment

The process of changing one’s mindset or perspective, often to become more positive or receptive to new ideas.

Ego Integrity

A sense of wholeness and satisfaction with life's achievements, part of psychological maturity, especially in later life.

Cognitive Processes

involve the mental activities related to thinking, knowing, remembering, and communicating.