Where an Insured Places Coverage with Three Different Brokers, Each

question 41

True/False

Where an insured places coverage with three different brokers, each broker will have to contribute to a loss, but the total paid to the insured may not exceed the loss itself.

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Definitions:

Conditioned Response

A learned response to a previously neutral stimulus that has become associated with an unconditioned stimulus.

Behaviorist Perspective

A theory of learning based on the idea that all behaviors are acquired through conditioning, emphasizing observable behaviors over internal mental states.

Placebo

A substance with no therapeutic effect, used as a control in testing new drugs, or used to provoke a psychological benefit to the patient.

Secondary Reinforcers

Secondary reinforcers are stimuli that become reinforcing through their association with primary reinforcers, such as praise, money, or grades, which are not inherently rewarding but are valued through learned associations.