A System That Requires Each Insurance Company Operating in a State

question 62

Multiple Choice

A system that requires each insurance company operating in a state to provide coverage to individuals who have been unable to obtain other insurance is referred to as:

• A)no-fault insurance.
• B)an assigned risk pool.
• C)premium discounts.
• D)equal opportunity insurance.
• E)comprehensive coveragE.

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Definitions:

Set of Data

A collection of related pieces of information, typically measurements or observations, that are analyzed to derive a conclusion.

Mean

The mean of a number set, found by summing all the numbers together and then dividing by the total number of values in the set.

Equal

Denotes being the same in quantity, size, degree, or value.

Data

Quantitative or qualitative values that represent information or attributes, often collected to analyze patterns or trends.