In general,insurance companies generate their profit from
A) overestimating the value of client claims and keeping the difference as profit.
B) investing the proceeds of premiums until the funds are needed to cover claims.
C) selling a lot of certain kinds of highly profitable insurance products.
D) only insuring people who are low risk to claim.
Correct Answer:
Verified
Q25: Comprehensive coverage insures Peter against damage to
Q26: An HDTV was purchased for $6500 and
Q27: If Eric's dog ran across a road
Q28: A higher insurance deductible reduces the amount
Q29: Insurance agents for an insurance company
A)market insurance
Q31: If you have automobile and homeowner's insurance,there
Q32: While renter's insurance would reimburse you if
Q33: Homeowner's insurance also covers medical payments and
Q34: Which of the following is the best
Q35: Refusing to go bungee jumping is
A)avoiding risk.
B)accepting
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