The Fact That Insurance Companies Charge Young Males Higher Automobile

question 26

Multiple Choice

The fact that insurance companies charge young males higher automobile insurance premiums than young females is an example of

• A) risk-based premiums.
• B) an attempt to minimize adverse selection.
• C) coinsurance.
• D) all of the above.
• E) only A and B of the above.

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Definitions:

Position Power

The authority and influence a person possesses within an organization due to the rank or role they hold.

Influence Tactics

Strategies or actions designed to change the attitude or behavior of others in a particular direction.

Communication Policy

Guidelines and practices that govern how communication is conducted within an organization, including methods, privacy, and protocols.

Exchanging Favors

The act of performing tasks or services for others with the expectation that they will return similar acts of kindness or assistance in the future.