Which Statement Is (Are)true Concerning Catastrophe Models

question 44

Multiple Choice

Which statement is (are) true concerning catastrophe models?
I.Businesses other than insurance companies use catastrophe models.
II.Catastrophe models are able to precisely predict disaster occurrences and loss values.

• A)I only
• B)II only
• C)both I and II
• D)neither I nor II

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Definitions:

FCRA

Stands for the Fair Credit Reporting Act, a federal law designed to ensure the accuracy, fairness, and privacy of information in consumer credit bureau files.

Criminal Penalties

Sanctions or punishments imposed by a court upon individuals or entities found guilty of committing a crime.

Consumer Information

Details or data about products and services designed to assist individuals in making informed purchasing decisions.

False Pretenses

Instances where an individual deliberately and falsely represents facts to deceive others, often for personal gain.