The Underwriting Function Is Designed to Be Sure That Premiums

question 41

Multiple Choice

The underwriting function is designed to be sure that premiums are based on

• A)income levels.
• B)the value of the loss.
• C)the value of the gain.
• D)the chance of loss.
• E)expense levels.

Understand the Big Five personality traits and their manifestation in behavior.

Comprehend the use of factor analysis in identifying personality traits.

Recognize the psychological impact of personality assessment feedback, including the Barnum effect.

Understand the genetic basis of certain personality traits.

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Definitions:

Social Change

Transformations in the structure and functioning of a society over time, often driven by collective behavior and social movements.

Quantitative Research

Research that collects and analyzes numerical data to describe, predict, or control variables of interest.

Community Psychologists

Professionals who study and work to improve the well-being and functioning of individuals within community settings, focusing on social issues, support systems, and environmental influences.

Physical Barriers

Obstacles or structures that physically limit access or movement, utilized for security, safety, or to delineate boundaries.