Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Sep 09, 2024

To be workable, insurance must have which of the following characteristics? Pooling of losses Payment only for random losses Risk transfer Indemnification All of the

To be workable, insurance must have which of the following characteristics?

Pooling of losses Payment only for random losses Risk transfer Indemnification All of the above

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

Step: 3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

The Routledge International Handbook Of Financialization

Authors: Philip Mader, Daniel Mertens, Natascha Van Der Zwan

1st Edition

1138308218, 978-1138308213

More Books

Students also viewed these Finance questions

Question

★★★★★

Will your flight get you to your destination on time? The U. S. Bureau of Transportation Statistics reported the percentage of flights that were late each month from 1995 through early 2013. Heres a...

Answered: 1 week ago

Question

★★★★★

b. The price of a car is $20,000. You have saved 25% of the price as a down payment, Atter the down payment, the balance is financed with a 5-year loan with monthly payments at 8% Determine the...

Answered: 1 week ago

Question

★★★★★

=+(2.8) P(AUB) = P(A) + P(B)-P(AnB). This is the case n = 2 of the general inclusion-exclusion formula:

Answered: 1 week ago

Question

★★★★★

Elise Lovejoy, the new logistics coordinator at Spartan Plastics was looking at issue of how to get increasing shipping costs under control. Currently, the firm was servicing three major customers by...

Answered: 1 week ago

Question

★★★★★

On July 31. Sandy tetires from the partnership of Sandy, Brad and Trever. The partner capitaf balances are Sandy, 535,000; Brad $54,000, and Trevor, 517,000. The profit-and-loss-sharing ratio has...

Answered: 1 week ago

Question

★★★★★

Peak solar radiation at the tropopause occurs at local solar noon each day. When do peak daily temperatures typically occur? Question 50Answer a. One hour earlier b. One hour later c. Two hours later...

Answered: 1 week ago

Question

★★★★★

Explain the key goal of effective negotiation and what it is meant to achieve. Include at least three (3) strategies that can be used to achieve a favorable outcome in a negotiation.

Answered: 1 week ago

Question

★★★★★

Child's Play Company makes a plastic rattle for toddlers. The rattle is generally marketed through exclusive retailers located in upscale shopping malls. In late 2017, Diana Suarez, the president of...

Answered: 1 week ago

Question

★★★★★

3. (10 points) Find the length of the part of the curve 2 R(t) = t + + 1 t F between the origin and the point (1, 2/2, 1/3).

Answered: 1 week ago

Question

★★★★★

0 Skills and Applications Writing an Exponential Equation In Exercises 7-10, write the logarithmic equation in exponential form. For example, the exponential form of log, 25 = 2 is 5 = 25. 7. log4 16...

Answered: 1 week ago

Question

★★★★★

In 6-8 find the velocity v(t) and position s(t) at time t> 0 of a material particle that moves without friction along a straight line, when its acceleration, initial position, and initial velocity...

Answered: 1 week ago

Question

★★★★★

(Appendices) PREPARATION OF MERCHANDISING FINANCIAL STATEMENTS. Jay Coat Company has prepared the following unadjusted trial balance as of December Ble Ox2: LO9 The following data are also available:...

Answered: 1 week ago

Question

★★★★★

(Appendices) EFFECTS OF DISCOUNTS ON SALES AND PURCHASES. Helmkamp Products sells golf clubs and accessories to pro shops. During 19x5, Helmkamp purchased merchandise with a list price of $628,500 on...

Answered: 1 week ago

Question

★★★★★

(Appendices) TERMS OF SHIPMENT AND ENDING INVENTORY. On December 31, Archive Products had two shipments of merchandise in transit from different suppliers. The first shipment, which arrived on...

Answered: 1 week ago

Previous Question Next Question