Which of the Following Types of Loss Exposures May Be

question 28

Multiple Choice

Which of the following types of loss exposures may be appropriately handled through the purchase of insurance?
I.High-frequency,low-severity loss exposures
II.Low-frequency,high-severity loss exposures

• A)I only
• B)II only
• C)both I and II
• D)neither I nor II

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Definitions:

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Descartes

René Descartes was a French philosopher, mathematician, and scientist who is considered one of the founders of modern philosophy, famous for the dictum "I think, therefore I am."

Interact

To interact is to act in such a way that affects or influences another entity or person, suggesting a reciprocal or dynamic exchange.

Scientific Psychology

A branch of psychology that applies scientific methods to study and understand human thought, behavior, and emotion.