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 167 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
YES! Correct, THANKS for helping me on my review

vickyvicksss

  • Member
  • Posts: 351
Reply 3 on: Yesterday
Excellent

« previous next »
 

Did you know?

The average older adult in the United States takes five prescription drugs per day. Half of these drugs contain a sedative. Alcohol should therefore be avoided by most senior citizens because of the dangerous interactions between alcohol and sedatives.

Did you know?

The Food and Drug Administration has approved Risperdal, an adult antipsychotic drug, for the symptomatic treatment of irritability in children and adolescents with autism. The approval is the first for the use of a drug to treat behaviors associated with autism in children. These behaviors are included under the general heading of irritability and include aggression, deliberate self-injury, and temper tantrums.

Did you know?

Certain topical medications such as clotrimazole and betamethasone are not approved for use in children younger than 12 years of age. They must be used very cautiously, as directed by a doctor, to treat any child. Children have a much greater response to topical steroid medications.

Did you know?

Earwax has antimicrobial properties that reduce the viability of bacteria and fungus in the human ear.

Did you know?

Essential fatty acids have been shown to be effective against ulcers, asthma, dental cavities, and skin disorders such as acne.

Chronic Arsenic Exposure Is Harmful Chronic Arsenic Exposure Is Harmful
Children with autism generally prefer interacting with objects over people. Children with autism generally prefer interacting with objects over people.
Men and women work the same number of hours a week, but men spend more time on paid work, and women ... Men and women work the same number of hours a week, but men spend more time on paid work, and women ...
Risk Factors of Osteoporosis Risk Factors of Osteoporosis
Improving your flexibility can help you reduce muscle soreness and lower your risk of injury Improving your flexibility can help you reduce muscle soreness and lower your risk of injury
What is the minimal voltage required? What is the minimal voltage required?
Video: Integumentary Anatomy

For a complete list of videos, visit our video library