Multiple Choice
"Subsidization" in an insurance pool means:
A) the bad risks pay more for insurance than good risks
B) the premiums collected by the insurers don't adequately cover the losses experienced by the pool
C) those who experience losses have their premiums raised
D) exposures that should be charged higher insurance rates are averaged in a pool so that the good as well as bad exposures pay the same rate
Correct Answer:
Verified
Correct Answer:
Verified
Q19: In an insurer death spiral only people
Q20: Stock insurers:<br>A) are unincorporated<br>B) only sell property
Q21: Which of the following statements about stock
Q22: Mrs. Barker has a poodle that she
Q23: Subsidization in insurance pools occurs if a
Q25: If you were an underwriter of homeowners
Q26: Reciprocal exchanges are unincorporated.
Q27: Dividends from mutual insurers are a part
Q28: A reciprocal exchange is:<br>A) a nonprofit corporation<br>B)
Q29: Which of the following is not a