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According to the law of large numbers, what should happen as an insurer increases the number of exposure units insured? O a. Objective risk increases.
According to the law of large numbers, what should happen as an insurer increases the number of exposure units insured? O a. Objective risk increases. O b. The insurer will become more confident that the premiums collected will cover all losses and expenses. Oc. The amount the insurer expects to pay in claims should decrease. O d. The insurer will predict future losses with less accuracy
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