Question

Insurance policies are offered on a take-it-or-leave-it basis, which makes them:

a) Non-negotiable
b) Customizable
c) Flexible
d) Optional

Answer 1

Insurance policies are non-negotiable, meaning the terms and conditions are set by the insurance company and cannot be customized.

Step-by-step explanation:

Insurance policies are offered on a take-it-or-leave-it basis, which makes them non-negotiable. This means that the terms and conditions of the policy are set by the insurance company and are not open to negotiation or customization by the policyholder.