Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Sep 12, 2024

Why is a large number of exposure units generally required before a pure risk is insurable? It enables the insurer to predict losses more accurately.

Why is a large number of exposure units generally required before a pure risk is insurable?

It enables the insurer to predict losses more accurately.

O It eliminates intentional losses.

O It minimizes moral hazard.

O 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 Handbook Of Credit Portfolio Management

Authors: Greg Gregoriou, Christian Hoppe

1st Edition

0071598340, 978-0071598347

More Books

Students also viewed these Finance questions

Question

★★★★★

A user queries the Part table in the Premiere Products database over the company intranet. Assume the Part table contains 5,000 rows, each row is 1,000 bits long, the access delay is 2.5 seconds, the...

Answered: 1 week ago

Question

★★★★★

Apply research findings about nonverbal communication to groups and teams.

Answered: 1 week ago

Question

★★★★★

The Fletcher-Terry Company of Farmington, Connecticut, is a worldwide leader in the development of glass-cutting tools and accessories for professional glaziers, glass manufacturers, glass artisans,...

Answered: 1 week ago

Question

★★★★★

Why is a large number of exposure units generally required before a pure risk is insurable? It enables the insurer to predict losses more accurately. O It eliminates intentional losses. O It...

Answered: 1 week ago

Question

★★★★★

Your business will pay you distributions of $16,000 in 6 months and another $14,000 in 23 months. If the discount rate is 8% per annum (compounding monthly) for the first 9 months, and 11% per annum...

Answered: 1 week ago

Question

★★★★★

Last month, Startup Manufacturing sold 5 5 cars of Type X for a price of $ 2 5 , 0 0 0 each, 3 0 cars of Type Y for a price of $ 3 5 , 0 0 0 each, and 1 2 cars of Type Z for a price of $ 5 0 , 0 0 0...

Answered: 1 week ago

Question

★★★★★

Problem 5. Let E, F, G be events in a probability space with sample space S and probability law Pr(), which satisfy Pr(EFG) Pr(EFG) = Pr(EFG) = Pr(EFG) = 1,4 Pr(EFG) Pr(EFG) = Pr(EFG) = Pr(EFG) = 0....

Answered: 1 week ago

Question

★★★★★

For Exercises 33-36, a function is given. (See Examples 4-5) f(x + h) f(x) a. Find f(x + h). b. Find h 33. f(x) = 5x + 9 34. f(x)=8x+4 35. f(x) = x + 4x 36. f(x) = x - 3x

Answered: 1 week ago

Question

★★★★★

Imagine the following scenario: A single (unmarried) woman is a teacher at a private, Christian school. As part of her employment contract, she must sign a morality agreement, which in part, promises...

Answered: 1 week ago

Question

★★★★★

a) Explain which operations question or process you chose to focus on. Provide background information, context, input, and output. b) From the perspectives of the owners of the process and its...

Answered: 1 week ago

Question

★★★★★

4. Describe the role of narratives in constructing history.

Answered: 1 week ago

Question

★★★★★

1. Identify six different types of history.

Answered: 1 week ago

Question

★★★★★

3. Explain the relationship between history, power, and intercultural communication.

Answered: 1 week ago

Previous Question Next Question