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    Business
  3. Study Set
    Risk Management and Insurance
  4. Exam
    Exam 21: Auto Insurance Continued
  5. Question
    The Term Used to Describe Plans in Which Automobile Insurers
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The Term Used to Describe Plans in Which Automobile Insurers

Question 3

Question 3

Multiple Choice

The term used to describe plans in which automobile insurers participate to make insurance available to drivers unable to obtain coverage in the standard market is the


A) foreign market.
B) fair market.
C) residual (shared) market.
D) high-premium market.

Correct Answer:

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