Indemnity insurance
a. reimburses for certain types of losses including fire and theft.
b. in the basis for most of the health insurance coverage in the U.S.
c. is often experience-rated with premiums based on expected losses.
d. is sometimes called casualty insurance..
e. all of the above.
Question 2
Condorcet's Paradox occurs when:
a. majority rule voting cycles among alternatives.
b. majority rule voting results in decisions that are not Pareto optimal.
c. point voting yields indeterminate results.
d. point voting results in decisions that are not Pareto optimal.
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