Which of the following items is NOT a benefit of standard insurance policies?
A)smaller insurers can offer cheaper insurance than larger companies if standard policies are used
B)litigation should be reduced as policy meaning becomes understood
C)consumers are more likely to learn the meaning of standard policies
D)data collection and loss rate computation are easier and more accurate

Question

Quizplus · Accepted Answer

The statement says that smaller insurers can offer cheaper insurance than larger companies if standard policies are used, which implies that standard policies may not necessarily benefit all insurers equally.

Which of the Following Items Is NOT a Benefit of Standard