This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: A group of farmers agreed that if any farmer suffered a property loss, the loss would be spread over ... (Read 332 times)

ts19998

  • Hero Member
  • *****
  • Posts: 531
on: Jul 11, 2018
A group of farmers agreed that if any farmer suffered a property loss, the loss would be spread over the entire group. In this way, each farmer is responsible for the average loss of the group rather than the actual loss that each farmer sustained.
 
  Which characteristic of insurance is embodied in this agreement?
  A) pooling of losses
  B) fortuitous losses
  C) risk avoidance
  D) indemnification

Question 2

Which of the following is classified as casualty insurance?
 
  A) workers compensation insurance
  B) fire insurance
  C) marine insurance
  D) life insurance


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

yotaSR5

  • Sr. Member
  • ****
  • Posts: 331
Reply #1 on: Jul 11, 2018
Answer to Question 1

Answer: A

Answer to Question 2

Answer: A


ts19998

  • Member
  • Posts: 531
Reply 2 on: Jul 11, 2018
Excellent

olderstudent

  • Member
  • Posts: 339
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

« previous next »
 

Did you know?

Sperm cells are so tiny that 400 to 500 million (400,000,000–500,000,000) of them fit onto 1 tsp.

Did you know?

The people with the highest levels of LDL are Mexican American males and non-Hispanic black females.

Did you know?

Fungal nail infections account for up to 30% of all skin infections. They affect 5% of the general population—mostly people over the age of 70.

Did you know?

Most strokes are caused when blood clots move to a blood vessel in the brain and block blood flow to that area. Thrombolytic therapy can be used to dissolve the clot quickly. If given within 3 hours of the first stroke symptoms, this therapy can help limit stroke damage and disability.

Did you know?

People about to have surgery must tell their health care providers about all supplements they take.

Older adults may grieve intensely over the loss of a person or situation that has been a part of the Older adults may grieve intensely over the loss of a person or situation that has been a part of the
Major Causes of Death in U.S by Age Group Major Causes of Death in U.S by Age Group
Standing at the head of the table, apply oil or lotion to chest area. Spread lubricant fanning out ... Standing at the head of the table, apply oil or lotion to chest area. Spread lubricant fanning out ...
Group Performance Group Performance
How to calculate the gain and loss gene numbers with low bootstrap of phylogenetic tree? How to calculate the gain and loss gene numbers with low bootstrap of phylogenetic tree?
Comparison of loss- and gain-of-function alleles Comparison of loss- and gain-of-function alleles
Video: DNA Sequences - Dideoxy Sequencing

For a complete list of videos, visit our video library