Question

How does adequate public disclosure benefit insured individuals and prospects?

a.

It ensures corporate policy compliance

b.

It guarantees profitability for the insured

c.

It helps in making conscious and informed decisions about insurers and insurance products

d.

It reduces the transparency in administration

Posted under IC 89 Management Accounting

Answer: (c).It helps in making conscious and informed decisions about insurers and insurance products Explanation:Adequate public disclosure provides information about product features, availability, corporate policy, solvency, liquidity, profitability, and transparency. This helps insured individuals and prospects make conscious and informed decisions about insurers and insurance products.

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Q. How does adequate public disclosure benefit insured individuals and prospects?
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