--- means that, the Applicants, Who are exposed to Similar Degrees of Risk, must be placed in the Same Premium-Class.
A)Selection of Risk
B)Anti-Selection
C)Moral Hazard
D)Equity

Question

Quizplus · Accepted Answer

Equity in insurance terms means that applicants who are exposed to similar degrees of risk should be charged similar premiums. This principle ensures fairness in the insurance process, allowing for a balanced distribution of costs among those with similar risk profiles.

--- Means That, the Applicants, Who Are Exposed to Similar