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

Author Question: Why is a large number of exposure units generally required before a pure risk is insurable? A) It ... (Read 148 times)

fox

  • Hero Member
  • *****
  • Posts: 540
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


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

polinasid

  • Sr. Member
  • ****
  • Posts: 344
Reply #1 on: Jul 11, 2018
Answer to Question 1

Answer: D

Answer to Question 2

Answer: C


fox

  • Member
  • Posts: 540
Reply 2 on: Jul 11, 2018
Thanks for the timely response, appreciate it

Zebsrer

  • Member
  • Posts: 284
Reply 3 on: Yesterday
Gracias!

« previous next »
 

Did you know?

In ancient Rome, many of the richer people in the population had lead-induced gout. The reason for this is unclear. Lead poisoning has also been linked to madness.

Did you know?

Cyanide works by making the human body unable to use oxygen.

Did you know?

To maintain good kidney function, you should drink at least 3 quarts of water daily. Water dilutes urine and helps prevent concentrations of salts and minerals that can lead to kidney stone formation. Chronic dehydration is a major contributor to the development of kidney stones.

Did you know?

Before a vaccine is licensed in the USA, the Food and Drug Administration (FDA) reviews it for safety and effectiveness. The CDC then reviews all studies again, as well as the American Academy of Pediatrics and the American Academy of Family Physicians. Every lot of vaccine is tested before administration to the public, and the FDA regularly inspects vaccine manufacturers' facilities.

Did you know?

It is believed that humans initially contracted crabs from gorillas about 3 million years ago from either sleeping in gorilla nests or eating the apes.

The Monarch butterfly migrates large distances The Monarch butterfly migrates large distances
A typical large tool box, showing just one of many drawers. A typical large tool box, showing just one of many drawers.
A ring link network reduces the number of wires it takes to interconnect all of the modules. A ring link network reduces the number of wires it takes to interconnect all of the modules.
How to multiply a complex number by its conjugate How to multiply a complex number by its conjugate
The number of phenotypic classes in the F2 generation increases as the number of genes controlling t The number of phenotypic classes in the F2 generation increases as the number of genes controlling t
What is the minimal voltage required? What is the minimal voltage required?
Video: Lipid catabolism - lipolysis and beta oxidation and oxidation of fatty acids

For a complete list of videos, visit our video library