All Insurance Is Subject to Several Basic Principles,including All of the Following

question 77

Multiple Choice

All insurance is subject to several basic principles,including all of the following except that

• A) the insured must provide full and accurate information to the insurance company.
• B) the insured is to profit as a result of insurance coverage.
• C) the loss must be quantifiable.
• D) there must be a relationship between the insured and the beneficiary.

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Definitions:

Group Dynamics

Interactions and processes that take place among the members of a team.

Conceal

To hide something or prevent it from being seen or known.

Team Maintenance

Activities and behaviors that support the social and psychological well-being of a team, ensuring its continued effectiveness.

Task-Oriented

Focused on completing specific tasks or objectives rather than on broader or more abstract goals.