The Law of Large Numbers Practically Guarantees That an Insurer

question 69

True/False

The law of large numbers practically guarantees that an insurer will be profitable if it has enough policy holders.

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Definitions:

Founding Organization

The act or process of establishing a new organization or entity.

Cultural Assumptions

Implicit beliefs or ideas taken for granted within a particular cultural context, influencing perceptions and behaviors.

Taken-for-granted Truths

Taken-for-granted truths are beliefs or assumptions that are accepted without questioning or critical examination.

Corporate Members

Individuals who are part of a corporation and contribute to its functioning, whether through decision-making roles or as part of the workforce.