In which of the following cases is the risk dependent?
A) Life assurance for people over 65
B) Accident insurance for members of a family on holiday
C) Accidental damage to cars across the country
D) Insurance against loss of income from accidents for workers all over the country, in different companies
Correct Answer:
Verified
Q14: The utility of a consumer durable is
Q15: What are the three attitudes towards risk?
A)
Q16: If you are prepared to accept odds
Q17: Insurance companies can lower their risks by
A)
Q18: Individuals take out insurance because they are
A)
Q20: The law of large numbers is defined
Q21: Which of the following is an example
Q22: Which of the following describes moral hazard?
A)
Q23: Moral hazard create costs for insurance companies
Q24: Insurance companies can reduce the moral hazard
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