Explain why insurers commonly charge higher premiums to people who are higher risk (e.g. auto insurance for drivers with a bad accident record, flood insurance for houses on the coastline).
Standard detail
MR.3b
Depth 2Parent ID: 080F4505238F415B85262611A2516BD0Standard set: Grade 8
Original statement
Quick facts
- Statement code
- MR.3b
- List ID
- b
- Standard ID
- 05D11EEFD0E2452D8D3AEEA4BDA1D187
- Subject
- Personal Financial Education (2021)
- Grades
- 08
- Ancestor IDs
- 080F4505238F415B85262611A2516BD09C3EEC85D4804C6E9768D0D1ABB8C8A9
- Source document
- National Standards for Personal Financial Education
- License
- CC BY 4.0 US