Insurance companies charge higher premiums to cover higher-risk individuals and events because the risk of monetary loss is greater for these individuals and events.
Standard detail
6.
Benchmark
Depth 1Parent ID: F365D35F8F2445FA96188E2CA3F11D00Standard set: Grades 5, 6, 7, 8
Original statement
Quick facts
- Statement code
- 6.
- List ID
- 6.
- Standard ID
- 2CA6782FD95A4EDEA52650E9F348358C
- ASN identifier
- S2604628
- Subject
- Financial Literacy
- Grades
- 05, 06, 07, 08
- Ancestor IDs
- F365D35F8F2445FA96188E2CA3F11D00
- Source document
- National Standards for Financial Literacy (2013)
- License
- CC BY 3.0 US