True False ad a- b- What does each of these statements describe? (15 marks) One of the characteristics of insurance that means sharing of loss exposure, where the loss of the few is covered by the many The situation where a person who is more likely to die gets a life insurance policy identical to an average person, and pays the same premium Restoring someone's financial position to what it was before the loss has occurred d- A person who calculates the insurance rates that are used to calculate premiums at an insurance company An insurer that is owned by a parent company with the main purpose of providing the parent company with insurance US X C 3- 90 ENG 333 PM hp