According to the Law of Large Numbers,what Should Happen as an Insurer

question 38

Multiple Choice

According to the law of large numbers,what should happen as an insurer increases the number of units insured?

• A)The amount the insurer expects to pay in claims should decrease.
• B)Underwriting expenses should decrease.
• C)Actual results will more closely approach expected results.
• D)The insurer's profitability should become more variable.

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Definitions:

Muscle Fitness

Refers to the strength, endurance, and overall health of a person's muscles.

Isokinetic

Describes exercises performed with a specialized apparatus that provides variable resistance to a movement, so the speed of the movement is consistent.

Static Training

An exercise method focusing on holding a position or muscle contraction for a period of time without movement to improve strength and endurance.

Dynamic Training

A form of exercise that involves moving parts of the body through their full range of motion with or without weights.