The distinguishing characteristics of insurance customers drive the demand for insurance products and services. Which...

80.2K

Verified Solution

Question

Finance

The distinguishing characteristics of insurance customers drive the demand for insurance products and services. Which one of the following statements regarding characteristics of insurance customers is true? A. The insurance needs of individuals vary considerably, making the determination of appropriate premium difficult. B. Middle-market organizations' needs for insurance do not vary based on products or services provided. C. National account organizations typically receive broader coverage and premium reductions from insurers. D. Small businesses have a variety of risk financing options, and are the typical target market for regional brokers.

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students