What is the definition of Risk Classification? Setting insurance premiums based

Question

What is the definition of Risk Classification?

Setting insurance premiums based on general demographic statistics of health risk

Insurance for those who carry their own insurance

Insurance based on the health risk factors of a specific group of people

Insurance in which all people receive the same type of coverage

Setting insurance premiums based on general demographic statistics of health risk

Insurance for those who carry their own insurance

Insurance based on the health risk factors of a specific group of people

Insurance in which all people receive the same type of coverage

Explanation / Answer

In this question the risk classification indicates... Grouping the infivindiv according to risk... So correct answer is c

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