The Use of Deductibles and Coinsurance Are Examples of Attempts

question 25

Multiple Choice

The use of deductibles and coinsurance are examples of attempts by insurance companies to deal with the problem of

• A)moral hazard.
• B)adverse selection.
• C)failure of policyholders to keep paying their premiums.
• D)excessive government regulation.

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Definitions:

Awareness

The state or level of consciousness where individuals or groups realize the existence or importance of something.

Consumer's Ability

The capacity of a consumer to make informed, effective, and efficient choices about the use of resources.

Product Brand

The identity given to a specific product or range of products by its manufacturer through branding.

Recognize and Remember

This involves the ability or process of identifying and recalling information or experiences, often used in the context of marketing to influence consumer behavior.