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By Offering a Menu of Policies with Different Premiums and Deductibles,insurance

question 106

Multiple Choice

By offering a menu of policies with different premiums and deductibles,insurance companies can _____ their customers;for example,a low-risk customer will often buy insurance with a lower _____ but a higher _____ than a high-risk customer.


Definitions:

Fault Tolerance

The capability of a system to continue operating properly in the event of the failure of some of its components.

Redundancy

The inclusion of extra components or systems that are not strictly necessary, intended to increase reliability and reduce failure risk.

Cloud Computing

The delivery of various services through the Internet, including data storage, servers, databases, networking, and software.

Privacy

The right to be left alone and to be free of unreasonable personal intrusions.

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