The insurer does not guarantee that the event insured against will not happen.
Correct Answer:
Verified
Q14: Insurance is created by an insured that,
Q15: In order for the law of large
Q16: Risk retention groups and captives are forms
Q17: Being part of pooling is an insurance
Q18: Risk pooling is done across ages, not
Q20: Pooling the exposures together permits less accurate
Q21: The insurer assumes the insureds risk by
Q22: These programs began as arrangements between insurers
Q23: All states administer unemployment compensation insurance programs.
Q24: Individuals who transfer risk to a third-party
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents