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medulla medulla
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7 years ago
"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
Textbook 
Introduction to Risk Management and Insurance

Introduction to Risk Management and Insurance


Edition: 10th
Authors:
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nationalnational
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#1
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7 years ago
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medulla Author
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7 years ago
Helped a lot
Helpmeplease11
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Yesterday
Smart ... Thanks!
byehoe
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2 hours ago
Thanks
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