A table showing losses that could occur and the corresponding chance that each loss could occur is called a(n)
A)underwriting cycle.
B)capital budget.
C)loss distribution.
D)risk map.

Question

Quizplus · Accepted Answer

A loss distribution table shows the different kinds of losses that could occur and the probability of each loss occurring. Underwriting cycle refers to the pattern of insurance premiums and losses over time. Capital budget refers to the financial plan for investment in long-term assets. A risk map is a visual representation of potential risks and their likelihood in a particular area.

A Table Showing Losses That Could Occur and the Corresponding