In a World Without Underwriting,insurance Would Become __________ Because of _____________

question 67

Multiple Choice

In a world without underwriting,insurance would become __________ because of _____________.

• A)unfeasible; adverse selection
• B)unfeasible; homogeneity of exposures
• C)inexpensive; adverse selection
• D)prohibitively expensive; moral hazard

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Definitions:

Linguistic Relativity Hypothesis

The notion that the language a person speaks largely determines the nature of that person’s thoughts.

Cognitive Linguistic Hypothesis

A theory suggesting that linguistic capabilities and patterns can significantly shape or influence an individual's cognition and perceptions.

Language Reaction Hypothesis

Suggests that the language one speaks influences their cognitive processes and reaction to stimuli.

Dynamic Hypothesis

A theory proposing that complex systems or patterns of behavior are characterized by continuous change, adaptation, or progression.