Deductibles Are a Combination of Risk Assumption and Risk Shifting

question 16

True/False

Deductibles are a combination of risk assumption and risk shifting where the insured person pays the first part of the claim (deductible) and the rest of the claim is shifted to the insurance company.

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Definitions:

Background Information

Preliminary data or knowledge that provides context for a new study, discussion, or analysis.

Communication Noise

Any external or internal interference that disrupts the clarity, transmission, or reception of a message.

Interrupts

Unscheduled or unexpected disturbances that break the continuity of an activity or communication flow.

Transmission

The action or process of transmitting something (e.g., data, diseases, mechanical power) from one place, person, or thing to another.