Sharing the Financial Consequences Associated with Risk in the Insurance

question 160

Multiple Choice

Sharing the financial consequences associated with risk in the insurance industry is sometimes called

• A)risk pooling.
• B)risk deferring.
• C)risk migration.
• D)risk splitting.
• E)none of the above.

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Definitions:

Single Covalent

A type of chemical bond where two atoms share one pair of valence electrons, resulting in a stable molecule.

Ionic Bond

An ionic bond is a type of chemical bond formed through the electrical force between oppositely charged ions.

Double Covalent

A type of chemical bond where two pairs of electrons are shared between two atoms.

Neutrons

Subatomic particles with no electric charge, found in the nucleus of an atom, contributing to the atomic mass and stability of the atom.