Which Method Is Most Commonly Used to Submit Insurance Forms

question 30

Multiple Choice

Which method is most commonly used to submit insurance forms?

• A) Typed paper forms
• B) Handwritten paper forms
• C) Electronically submitted forms
• D) Computer-generated paper forms

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Definitions:

Interest Rates

The cost of borrowing money or the compensation for the service and risk of lending money, typically expressed as a percentage of the principal.

Present Consumption

The use of goods and services for satisfaction or needs in the current period, as opposed to saving for future consumption.

Insurable Risk

An eventuality for which both the frequency and magnitude of potential losses can be estimated with considerable accuracy. Insurance companies are willing to sell insurance against such risks.

Wages And Salaries

Compensation received by employees for their labor or services, typically paid on an hourly or annual basis.