Which of the Following Arises in Policies in Which the Insured

question 73

Multiple Choice

Which of the following arises in policies in which the insured event occurs during a coverage period but a claim is not filed or reported until many years later?

• A)Short-tail losses.
• B)Adverse selection.
• C)Moral hazard.
• D)Long-tail losses.
• E)Social inflation.

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Definitions:

Woman

A woman is an adult human female. In terms of biology, women are distinguished by their reproductive anatomy, although the concept of womanhood can encompass wider social and gender identity aspects.

Structuralism

Structuralism is an approach in academic disciplines that explores the interconnectedness of systems within human cultures and societies.

Introspection

The practice of looking into one's own mental and emotional well-being.

Unreliability

The quality of lacking consistency or predictability; unable to be trusted to perform or behave as expected.