Is a Term Referencing the Concept That a Sufficient Interest

question 63

Multiple Choice

is a term referencing the concept that a sufficient interest must exist on the part of an insured in order to take out a policy of insurance.

• A)Insurable interest
• B)Pecuniary interest
• C)Financial effect
• D)Financial concern
• E)Profit impact

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Definitions:

Stratification Function

The role stratification plays in organizing society into hierarchical layers based on various criteria such as wealth, power, and social status, contributing to social cohesion and individual placement within society.

Sorting People

The process of categorizing individuals into groups based on characteristics such as race, gender, social class, etc., often leading to discrimination or preferential treatment.

SAT Scores

Standardized test scores used in the United States for college admissions decisions.

Social Class

The arrangement of society into tiers reflecting economic and social statuses.