The S in S O B stands for?

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Prepare for the Risk Management Temple Exam 2. Study with interactive quizzes featuring flashcards and detailed explanations. Equip yourself with the knowledge to succeed.

Multiple Choice

The S in S O B stands for?

Explanation:
The S in this acronym points to the person at the center of the contract—the subject. It denotes the individual about whom the policy terms and risk information are focused. The other roles describe different relationships to the policy: ownership, who will receive benefits, or who holds the policy. So the best fit for S is Subject.

The S in this acronym points to the person at the center of the contract—the subject. It denotes the individual about whom the policy terms and risk information are focused. The other roles describe different relationships to the policy: ownership, who will receive benefits, or who holds the policy. So the best fit for S is Subject.

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