In Insurance terms, what does risk identification refer to? OA) Providing the best possible quote with the lowest premium for your client. B) Listening to your client carefully and acting upon their instructions to provide the best coverage. OC) Rushing to win a new business and failing to ask relevant questions OD) Asking questions from the clients to understand their needs in order to provide the best insurance protection. When not connected to a vehicle, an uninsured parked trailer causes a liability loss. Which policy would respond to this loss? OA) Home, condominum or tenant policy B) The automobile policy OC) Business policy OD) There is no coverage available
In Insurance terms, what does risk identification refer to? OA) Providing the best possible quote with the lowest premium for your client. B) Listening to your client carefully and acting upon their instructions to provide the best coverage. OC) Rushing to win a new business and failing to ask relevant questions OD) Asking questions from the clients to understand their needs in order to provide the best insurance protection. When not connected to a vehicle, an uninsured parked trailer causes a liability loss. Which policy would respond to this loss? OA) Home, condominum or tenant policy B) The automobile policy OC) Business policy OD) There is no coverage available
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
Related questions
Question
Pls help ASAP
Transcribed Image Text:In Insurance terms, what does risk identification refer to?
OA) Providing the best possible quote with the lowest premium for your client.
B) Listening to your client carefully and acting upon their instructions to provide the best coverage.
OC) Rushing to win a new business and failing to ask relevant questions
OD) Asking questions from the clients to understand their needs in order to provide the best insurance protection.
Transcribed Image Text:When not connected to a vehicle, an uninsured parked trailer causes a liability loss. Which policy would respond to this
loss?
OA) Home, condominum or tenant policy
B) The automobile policy
OC) Business policy
OD) There is no coverage available
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
Step by step
Solved in 2 steps
Recommended textbooks for you
Principles of Economics (12th Edition)
Economics
ISBN:
9780134078779
Author:
Karl E. Case, Ray C. Fair, Sharon E. Oster
Publisher:
PEARSON
Engineering Economy (17th Edition)
Economics
ISBN:
9780134870069
Author:
William G. Sullivan, Elin M. Wicks, C. Patrick Koelling
Publisher:
PEARSON
Principles of Economics (12th Edition)
Economics
ISBN:
9780134078779
Author:
Karl E. Case, Ray C. Fair, Sharon E. Oster
Publisher:
PEARSON
Engineering Economy (17th Edition)
Economics
ISBN:
9780134870069
Author:
William G. Sullivan, Elin M. Wicks, C. Patrick Koelling
Publisher:
PEARSON
Principles of Economics (MindTap Course List)
Economics
ISBN:
9781305585126
Author:
N. Gregory Mankiw
Publisher:
Cengage Learning
Managerial Economics: A Problem Solving Approach
Economics
ISBN:
9781337106665
Author:
Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor
Publisher:
Cengage Learning
Managerial Economics & Business Strategy (Mcgraw-…
Economics
ISBN:
9781259290619
Author:
Michael Baye, Jeff Prince
Publisher:
McGraw-Hill Education