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

Author Question: Which of the following is implied by the pooling of losses? A) sharing of losses by an entire ... (Read 68 times)

vHAUNG6011

  • Hero Member
  • *****
  • Posts: 514
on: Jul 11, 2018
Which of the following is implied by the pooling of losses?
 
  A) sharing of losses by an entire group
  B) inability to predict losses with any degree of accuracy
  C) substitution of actual loss for average loss
  D) increase of objective risk

Question 2

According to the law of large numbers, what should happen as an insurer increases the number of units insured?
 
  A) The amount the insurer expects to pay in claims should decrease.
  B) Underwriting expenses should decrease.
  C) Actual results will more closely approach expected results.
  D) The insurer's profitability should become more variable.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

sultansheikh

  • Sr. Member
  • ****
  • Posts: 335
Reply #1 on: Jul 11, 2018
Answer to Question 1

Answer: A

Answer to Question 2

Answer: C


vHAUNG6011

  • Member
  • Posts: 514
Reply 2 on: Jul 11, 2018
Great answer, keep it coming :)

Perkypinki

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

« previous next »
 

Did you know?

The highest suicide rate in the United States is among people ages 65 years and older. Almost 15% of people in this age group commit suicide every year.

Did you know?

A serious new warning has been established for pregnant women against taking ACE inhibitors during pregnancy. In the study, the risk of major birth defects in children whose mothers took ACE inhibitors during the first trimester was nearly three times higher than in children whose mothers didn't take ACE inhibitors. Physicians can prescribe alternative medications for pregnant women who have symptoms of high blood pressure.

Did you know?

Nearly all drugs pass into human breast milk. How often a drug is taken influences the amount of drug that will pass into the milk. Medications taken 30 to 60 minutes before breastfeeding are likely to be at peak blood levels when the baby is nursing.

Did you know?

The largest baby ever born weighed more than 23 pounds but died just 11 hours after his birth in 1879. The largest surviving baby was born in October 2009 in Sumatra, Indonesia, and weighed an astounding 19.2 pounds at birth.

Did you know?

A headache when you wake up in the morning is indicative of sinusitis. Other symptoms of sinusitis can include fever, weakness, tiredness, a cough that may be more severe at night, and a runny nose or nasal congestion.

Killer whales, like this one spotted near Alaska, commonly breach, often lifting their entire bodies Killer whales, like this one spotted near Alaska, commonly breach, often lifting their entire bodies
A mere one-half percent of Americans owns over a quarter of the entire nation’s wealth. Very few ... A mere one-half percent of Americans owns over a quarter of the entire nation’s wealth. Very few ...
Common Types of Losses Common Types of Losses
Starting at the waist, apply circular two-handed petrissage over the entire right side. Keep hands ... Starting at the waist, apply circular two-handed petrissage over the entire right side. Keep hands ...
Apply lotion to the entire hand and arm, moving up the arm from hand to shoulder. Use moderate ... Apply lotion to the entire hand and arm, moving up the arm from hand to shoulder. Use moderate ...
Shake the arm and then brush entire arm with fingertips to finish. Shake the arm and then brush entire arm with fingertips to finish.
Video: What are the Parts of a Plant Cell?

For a complete list of videos, visit our video library