If Insurers Were to Provide Indemnification for Losses That Were

question 41

Multiple Choice

If insurers were to provide indemnification for losses that were deliberately caused,which characteristic of ideally insurable risks would not be met?

• A)The loss must be accidental and unintentional.
• B)The loss must be determinable and measurable.
• C)The loss should not be catastrophic.
• D)There must be a large number of similar exposure units.

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Definitions:

Organizational Citizenship Behavior

Voluntary, extra-role activities performed by employees that contribute to the organization but are not formally rewarded.

Group Homogeneity

The degree to which members of a group are similar to each other in terms of attitudes, beliefs, or demographic factors.

High Narcissism

A personality trait characterized by an inflated sense of self-importance, need for admiration, and a lack of empathy for others.

Cognitive Ability

The capacity to perform mental processes of perception, memory, judgment, and reasoning, affecting how well someone can learn and solve problems.