Which of the Following Is Not a Valid Reason to Reinsure

question 30

Multiple Choice

Which of the following is not a valid reason to reinsure an exposure?

• A)to make insured exposures similar in dollar size
• B)to provide the insured access to Lloyd's of London
• C)to buy services from the reinsurer
• D)to allow agents to be more competitive

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Definitions:

Milgram Experiment

A psychological experiment conducted by Stanley Milgram in the 1960s to study obedience to authority, where participants were instructed to administer electric shocks to another person.

Stanford University Prison Experiment

A psychological study conducted by Philip Zimbardo in 1971 at Stanford University, where students were assigned roles of prisoners and guards to explore the effects of perceived power.

Generalization

Drawing a conclusion about a certain characteristic of a population based on a sample from it.

Logical Support

The provision of reasons or evidence to justify a claim or argument.