The Primary Reason the Insurance Mechanism Functions Successfully Is The

question 69

Multiple Choice

The primary reason the insurance mechanism functions successfully is the:

• A)existence of adverse selection
• B)ease with which underwriting results can be measured
• C)predictability of losses via the law of large numbers
• D)existence of many non-industrial nations

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Definitions:

Major Organic

Refers to the primary organic (carbon-containing) compound or product resulting from a chemical reaction.

Alkene

A hydrocarbon containing at least one carbon-carbon double bond, part of the unsaturated hydrocarbon family.

Compound

A substance formed when two or more chemical elements are chemically bonded together.

Stereochemical Detail

Pertains to the spatial arrangement of atoms within molecules and how this affects the properties and reactions of those molecules.