Insurance works best in situations where there is
A) a high probability of a small loss.
B) a low probability of a small loss.
C) a high probability of a large loss.
D) a low probability of a large loss.
E) the level of probability and the size of the loss are irrelevant.
Correct Answer:
Verified
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Q12: Indemnity insurance
A) reimburses for certain types of
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A) because they are risk
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