Question
As the number of exposure units increases, the more closely the actual loss experience will approach the expected loss experience and therefore predictability of losses
As the number of exposure units increases, the more closely the actual loss experience will approach the expected loss experience and therefore predictability of losses increases. This mathematical foundation of insurance is best described by _________________________.
- A. Indemnification
- B. Adverse selection
- C. Law of large numbers
- D. Underwriting
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Liquidated An Ethnography Of Wall Street
Authors: Karen Ho
1st Edition
0822345994,0822391376
