The Purpose of an Assigned Risk Pool Is To

question 114

Multiple Choice

The purpose of an assigned risk pool is to:

• A) provide insurance for poor drivers.
• B) reduce medical costs associated with auto accidents.
• C) take unsafe drivers off the road.
• D) reduce auto insurance premiums with state regulation.
• E) offer premium discounts to safe drivers.

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Definitions:

Observed Frequencies

The actual counts or occurrences of variables in a dataset, as recorded or observed without any modifications.

Checked-Out Materials

Items or resources that have been borrowed from a library or similar institution, typically requiring eventual return or renewal.

Historical Expectation

Historical expectation refers to the anticipated outcome based on historical data or past events.

Distribution

The way in which something is shared or exists over a particular area or among a particular group, or the arrangement of values showing their frequency.