An Insurance Pool Needs a Small Group of Similar Exposures

question 59

True/False

An insurance pool needs a small group of similar exposures for predictive accuracy.

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Definitions:

RAID Array

A Redundant Array of Independent Disks, a system that uses multiple hard drives to share or replicate data to increase performance or provide fault tolerance.

Surge Protector

A device that shields electronics from voltage spikes by blocking or shorting to ground unwanted voltages.

UPS

An Uninterruptible Power Supply, a device that provides emergency power to a load when the input power source fails.

Multifactor Authentication

Use of two or more factors to provide access. The factors can be something you possess, such as a card, current location, security token–provided code, PIN, fingerprint, facial recognition, palm print, or password.