All the following are necessary for an ideally insurable loss exposure except:
A) large number of homogeneous exposures
B) losses must be accidental and unintentional from the point of view of the insured
C) losses must be measurable
D) low probability of loss
Correct Answer:
Verified
Q13: The use of an applicant's personal opinions
Q14: The Gramm-Leach-Bliley (GLB) Act:
A) allows banks to
Q15: A mutual insurer:
A) is not a corporation
B)
Q16: The term "demutualization" refers to:
A) the process
Q17: An assessment mutual:
A) provides primarily fire and
Q19: Mrs. Barker has a poodle that she
Q20: Adverse selection results in which of the
Q21: In general, all of the following statements
Q22: Stock insurers:
A) are unincorporated
B) only sell property
Q23: Savings bank life insurance:
A) is sold only
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