What is the definition of Risk Classification? Setting insurance premiums based
ID: 244281 • Letter: W
Question
What is the definition of Risk Classification?
Setting insurance premiums based on general demographic statistics of health risk
Insurance for those who carry their own insurance
Insurance based on the health risk factors of a specific group of people
Insurance in which all people receive the same type of coverage
Setting insurance premiums based on general demographic statistics of health risk
Insurance for those who carry their own insurance
Insurance based on the health risk factors of a specific group of people
Insurance in which all people receive the same type of coverage
Explanation / Answer
In this question the risk classification indicates... Grouping the infivindiv according to risk... So correct answer is c