Top Posters
Since Sunday
5
a
5
k
5
c
5
B
5
l
5
C
4
s
4
a
4
t
4
i
4
r
4
Home Q & A Board Other Fields Homework Help Business Insurance
New Topic  
chouri chouri
wrote...
Go to Answer
Posts: 639
Rep: 0 0
6 years ago
A group of farmers agreed that if any farmer suffered a property loss, the loss would be spread over the entire group. In this way, each farmer is responsible for the average loss of the group rather than the actual loss that the farmer sustained. Which characteristic of insurance is embodied in this agreement?
A) pooling of losses
B) fortuitous losses
C) risk avoidance
D) indemnification
Textbook 
Principles of Risk Management and Insurance

Principles of Risk Management and Insurance


Edition: 12th
Authors:
Read 98 times
2 Replies
Replies
Answer verified by a subject expert
ownzore3ownzore3
wrote...
#1
Top Poster
Posts: 554
Rep: 5 0
6 years ago
Sign in or Sign up in seconds to unlock everything for free
More solutions for this book are available here
1

Related Topics

chouri Author
wrote...
#2
5 years ago
You help me succeed, so thank you!
New Topic      
Quick Reply
Explore
Post your homework questions and get free online help from our incredible volunteers
  1261 People Browsing
Start New Topic Take the Tour CoursesNew Study Tools Topics Trending Browse by Textbook
Live Chat
Related Images
  
 314
  
 250
  
 610
Your Opinion
What's your favorite coffee beverage?
Votes: 274
Previous poll results: Which industry do you think artificial intelligence (AI) will impact the most?