5 Why should it matter to an insurance company whether or not the exposures it is called...

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5 Why should it matter to an insurance company whether or not the exposures it is called upon to cover are:

(a) large in number?

(b) part of a known phenomenon?

(c) statistically independent of one another?

(d) homogeneous in character?

(e) unaffected by the fact of insurance?

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