homework help

tony has just purchased an insurance policy (and thereby joined a risk-pool). tony paid an ex ante premium and did not give the insurer ex post assessment rights.

These means

a. tony does not have the right to collect losses greater than his ex ante premium

b. The insurer does not have the right to deny claims that are less than the agreed upon ex post amount.

c. tony is not required to assess the insurer.

d. The insurer cannot request further premium from tony should the risk-pool experience a bad loss.