Fergie is a salaried claims adjuster who works exclusively for Mutual of Kentucky Insurance. What kind of claims adjuster is Fergie?
A) Independent
B) Public
C) Private
D) Direct
C
Business
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According to the law of large numbers, what should happen as an insurer increases the number of units insured?
A) The amount the insurer expects to pay in claims should decrease. B) Underwriting expenses should decrease. C) Actual results will more closely approach expected results. D) The insurer's profitability should become more variable.
Business
The loss of encryption keys by employees is referred to as key escrow
Indicate whether the statement is true or false
Business