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Questions and Answers
Which group of people is particularly affected by the limited options for commodities?
Which group of people is particularly affected by the limited options for commodities?
- Livestock owners who transport animals
- Insured individuals who transport goods
- Policyholders who transport animals
- Farmers who transport farming goods (correct)
Which statement accurately describes the rating of the introduced commodities in PolicyCenter?
Which statement accurately describes the rating of the introduced commodities in PolicyCenter?
- The rating is the same for all introduced commodities
- The rating is lower for higher-risk goods
- The rating is higher for livestock transportation (correct)
- The rating differs based on the type of goods transported
What is the purpose of introducing the undermentioned commodities in PolicyCenter?
What is the purpose of introducing the undermentioned commodities in PolicyCenter?
- To ensure correct handling of claims (correct)
- To reduce the rating of all commodities
- To exclude livestock transportation
- To provide more options for policyholders
What was the challenge with using the highest risk commodity for rating?
What was the challenge with using the highest risk commodity for rating?
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What is the main reason for considering the transit of livestock as a higher risk?
What is the main reason for considering the transit of livestock as a higher risk?
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