Which of the following arises in policies in which the insured event occurs during a coverage period but a claim is not filed or reported until many years later?
A. Short-tail losses.
B. Adverse selection.
C. Moral hazard.
D. Long-tail losses.
E. Social inflation.
Ans: D. Long-tail losses.
Business
You might also like to view...
Many times, clients will shift new people into the project who have no experience with it as they move their key people to new challenges. This issue is:
A) An emotional one for the project team. B) An emotional one for the clients. C) One that is internal and intellectual. D) One that is external and intellectual.
Business
The weeks of supply measure will improve if the weekly sales decrease
Indicate whether the statement is true or false
Business