The Aggregate Increased Costs to Society of Operating the Insurance

question 9

Multiple Choice

The aggregate increased costs to society of operating the insurance mechanism includes all of the following except:

• A) cost of operating the insurance company
• B) losses due to uninsured flood losses
• C) the occurrence of intentional losses to collect insurance
• D) the tendency of insureds to exaggerate the amount of actual losses in the claim process

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Definitions:

Playing Video Games

The action of engaging in games that are played on electronic devices such as computers, consoles, and mobile phones.

Frequency Distribution

A summary of data showing the number of instances that each value occurs.

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The distribution of body weights among individuals serving in a police force.

Class Intervals

Specific ranges within a dataset that are used to group data into classes for the purpose of creating frequency distributions or histograms.