Multiple Choice
Insurance premiums represent:
A) the expected value of the payout the company will give to individuals who are insured.
B) more than the expected value of the payout the company will give to individuals who are insured.
C) less than the expected value of the payout the company will give to individuals who are insured.
D) peace of mind and are unrelated to the expected value of the payout the company will give to individuals who are insured.
Correct Answer:
Verified
Correct Answer:
Verified
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