When insureds engage in a pooling of risk,
A)
each individual experiences an increase in his or her total risk.
B)
the individual risk accompanying future uncertain events is decreased.
C)
they can reduce the total losses of the insureds.
D)
total premiums will be less than total losses.
B
Business
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An agent
A. is the same as any other employee of a principal. B. "stands in the shoes" of the principal. C. is not responsible for the principles actions. D. is unable to act on behalf of the principal.
Business
Which of the following is NOT an example of a demographic segmentation variable?
A) lifestyle B) income C) ethnicity D) gender E) age
Business