insurance Priciples

I. Low-frequency,high-severity A) I only C) both I and II B) II only D) neither 1 nor 1 7.All of the following A) to eliminate adverse selection. B) to hold down the cost of insurance are basic purposes of subrogation EXCEPT C) to prevent an insured from collecting twice for the same loss. D) to hold the negligent person responsible for a loss 8. Advantages of the direct response system for marketing life insurance include which of the following? I. Advertising can be specifically directed to selected markets 11. Complex products can be easily sold. A) I only C) both I and II B) II only D) neither I nor