The Law of Large Numbers Is Defined as

The law of large numbers is defined as

A) the more policies an insurance company issues, the more predictable will be the number of claims.
B) the more independent the risks of claims from the policies issued, the more predictable will be the number of claims made.
C) the larger the number of events of a particular type, the more predictable will be their average outcome.
D) where an insurance company expands into new types of insurance.