Given the Requisites of an Insurable Risk,which of the Following

question 44

Multiple Choice

Given the requisites of an insurable risk,which of the following exposures would make the best subject of a profitable insurance pool? (Assume a premium appropriate to the exposure is charged,and analyze the exposure from an insurer's standpoint.)

• A)insuring college students against their GPA falling below a 3.0
• B)insuring all the dorms on a single college campus against property damage
• C)insuring all the lives of college seniors in the U.S. for $10,000 each, without an initial medical exam
• D)insuring students against the theft or disappearance of textbooks

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Definitions:

Psychologists

Professionals trained in the science of behavior and mental processes who provide insights and interventions for mental health and well-being.

Inexpensive

Costing little money; affordable or budget-friendly.

Culturally Appropriate

Actions, behaviors, or practices that are considerate and respectful of the cultural norms and values of others.

APA Ethics Code

A set of guidelines and standards established by the American Psychological Association to ensure ethical practice in the field of psychology.