In Order to Predict the Number of Losses That Will

question 62

Multiple Choice

In order to predict the number of losses that will occur in a given time accurately,insurance companies must study a ___________ numbers of cases. ​

• A)medium
• B)small
• C)large
• D)negligible

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Definitions:

Withheld

Amount of an employee's pay withheld by the employer for tax or other purposes.

Matched By Employer

Contributions made by an employer towards a benefit scheme (e.g., pension, health insurance) that match the contributions made by employees.

Warranty Expense

The cost that a company anticipates or incurs to repair, replace, or compensate for a faulty product under warranty.

Warranty Repairs

Services offered for free by manufacturers or sellers to fix defects or issues in sold products within a specified period.