An Insurance Benefit Is

question 43

Multiple Choice

An insurance benefit is

• A) The contract that reduces the financial loss associated with some risky event
• B) The amount of money a policy holder pays for the insurance policy
• C) The amount of money a policy holder receives if a specific loss occurs
• D) The probability of loss from a specific event

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Definitions:

Customized Approach

Tailoring strategies, products, services, or policies to meet the specific needs or preferences of an individual or group.

Task Inventories

Comprehensive lists or databases of all the tasks performed within a particular job or organization, used for job analysis, training, and performance evaluation.

Technological Duties

Responsibilities or tasks that involve working with, managing, or developing technology and technological systems in various industries.

Line Managers

Managers directly responsible for overseeing the performance and productivity of employees in their department or division.