When an insurer is successful in its efforts to select insureds from the better than average classes,

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“When an insurer is successful in its efforts to select insureds from the better than average classes, the gain in its competitive position is magnified by the impact of this success on its competitors.” Explain what is meant by this statement.

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Fundamentals Of Risk And Insurance

ISBN: 978-1118534007

11th Edition

Authors: Emmett J. Vaughan ,Therese M. Vaughan

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