Contrived Extrinsic Rewards Include All of the Following EXCEPT

question 65

Multiple Choice

Contrived extrinsic rewards include all of the following EXCEPT:

• A) gifts.
• B) stock options.
• C) a company car.
• D) profit sharing.
• E) smiles.

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Definitions:

Indemnity

The concept that distinguishes a contract of insurance from a wager.

Utmost Good Faith

A principle of insurance contracts that requires all parties to act honestly and not mislead or withhold critical information from one another.

Insurable Interest

An interest that would result in a loss on the occurrence of the event.

Insurance Policy

A contract between an insurer and policyholder specifying the claims the insurer is legally required to pay.