What is the fundamental function of the insurance company—in other words, what is it the insurance company does that makes the insurance mechanism work?
A) It pools those insureds having similar risks, and predicts the losses that those in the pool will suffer.
B) It pools any insureds who wish to purchase insurance, and attempts to predict the losses that those in the pool will suffer.
C) It redistributes government subsidies to those who have suffered catastrophes.
D) It eliminates the process of underwriting in order to sell insurance to as many people as possible, thus providing insureds with a huge quantity discount.
A
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Bonds for which the owners' names are not registered with the issuing corporation are called
a. bearer bonds. b. term bonds. c. debenture bonds. d. secured bonds.
Which of the following is one of the primary goals of reminder advertising?
A) maintain customer relationships B) build brand preference C) correct false impressions D) inform the market of a price change E) restore company image