An underwriter's primary responsibility to an insurer is to protect against
A) natural selection
B) inverse selection
C) adverse selection
D) risk selection
Ans: C) adverse selection
Business
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Which method of adjusting for nonresponse has the researcher contacting a sub-sample of the nonrespondents; projecting the values obtained from the sub-sample to all respondents; then adjusting the survey results to account for nonresponse?
A) substitution B) sub-sampling of nonrespondents C) subjective estimates D) replacement
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Chattel paper is considered tangible personal property
Indicate whether the statement is true or false
Business