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10. Which of the following is not a social benefit of insurance. a. Usage of resources. b. Fraudulent claims. c. Inflated claims. d. Source of

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10. Which of the following is not a social benefit of insurance. a. Usage of resources. b. Fraudulent claims. c. Inflated claims. d. Source of investment fund. 11. The most appropriate technique in treating risks that have high frequency and high severity levels is: a. Retention. b. Loss prevention. c. Avoidance. d. Insurance. 12. The insurance market has a combined ratio of 1.5 what changes may happen? I. Increase premiums II. Higher insurance standards a. I Only. b. II Only. c. Both I and II. d. Neither I nor

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