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Author Question: Why is a large number of exposure units generally required before a pure risk is insurable? A) It ... (Read 169 times)

fox

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on: Jul 11, 2018
Why is a large number of exposure units generally required before a pure risk is insurable?
 
  A) It prevents the insurer from losing money.
  B) It eliminates intentional losses.
  C) It minimizes moral hazard.
  D) It enables the insurer to predict losses more accurately.

Question 2

The requirement that losses should be accidental and unintentional in order to be insurable results in which of the following? I. Decrease in moral hazard II. More accurate prediction of future losses
 
  A) I only
  B) II only
  C) both I and II
  D) neither I nor II


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polinasid

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Reply #1 on: Jul 11, 2018
Answer to Question 1

Answer: D

Answer to Question 2

Answer: C


fox

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Reply 2 on: Jul 11, 2018
Thanks for the timely response, appreciate it

frankwu0507

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Reply 3 on: Yesterday
:D TYSM

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