The insurance principle states that individual risk can be predicted with great accuracy.
Correct Answer:
Verified
Q13: The principal asset held by mutual funds
Q14: The bulk of life insurance companies' funds
Q15: Insurance companies invest in long-term securities due
Q16: In order to increase their yield and,
Q17: Because of their high yields life insurance
Q19: Loans to policyholders further increase the stability
Q20: Since the life insurance industry is "vested
Q21: Most insurance companies have expanded into the
Q22: Property-casualty insurers have diversified into many different
Q23: Because property-casualty insurance companies are taxed virtually
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