Stats RM_Bell Ringer | 1 04/ 27/22 1. When a large percentage of an insurer's policyholders incur claims at the same time, that loss is considered a. Calculable b. Measurable c. Predictable d. Catastrophic e. Determinable 2. An insurance policy is of no use to a potential customer if the premiums are not a. Flexible b. Negotiable c. Renewable d. Affordable 3. You wouldn't want to issue auto policies for only twenty families because if you did, claims brought by two or three policyholders could exceed all of the premiums you receive in a year. This illustrates the need for which of the following qualities of ideally insurable risks. a. Large number of exposure risks b. Determinable and measureable loss c. Calculable chance of loss d. Affordable premiums