An insurance contract can increase the probability or size of a potential loss because having the insurance results in the person taking more risks. Policy features such as deductibles and copayments are cost-sharing features that encourage the policyholder to take steps to reduce the potential size of a loss (claim).
Standard detail
6.
Benchmark
Depth 1Parent ID: 944E70AF441B4A6CA5BB705835A1ADCFStandard set: Grades 9, 10, 11, 12
Original statement
Quick facts
- Statement code
- 6.
- List ID
- 6.
- Standard ID
- D966243459F24075903A64576A916F1E
- ASN identifier
- S2604636
- Subject
- Financial Literacy
- Grades
- 09, 10, 11, 12
- Ancestor IDs
- 944E70AF441B4A6CA5BB705835A1ADCF
- Source document
- National Standards for Financial Literacy (2013)
- License
- CC BY 3.0 US