_____ insurers are organized in the same way as other privately owned corporations created for the purpose of making a profit and maximizing the value of the organization for the benefit of the owners.
Correct Answer:
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Q61: When the actuary must rely on judgment
Q62: In return for accepting the variability in
Q63: _ occurs when insurance is purchased more
Q64: _ insurance is insurance that is purchased
Q65: _ risk programs are financial methods that
Q67: A(n) _ loss to an insurer is
Q68: In the U.S., flood is insured by
Q69: A major requirement for insurability is _;
Q70: _ underwriting looks at the characteristics and
Q71: Lloyd's does not assume risks in the
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