3-79 Factors That Affect the Predictability of Claims Loss Exposure

question 31

Multiple Choice

3-79 Factors that affect the predictability of claims loss exposure include

• A)unexpected increases in inflation.
• B)the frequency and severity of loss.
• C)the concept of long-tail risk.
• D)property versus liability coverage.
• E)All of the above.

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Definitions:

Marital Relationship

The interpersonal and emotional bond between spouses, encompassing aspects such as companionship, love, and conflict.

Ethics Of Humanism

A set of ethical principles based on the importance of human values and the respect for human dignity and individual freedom.

Enter Marriage

The act or process of beginning a legal relationship recognized as marriage, signifying a committed partnership between individuals.

Socialization

The process by which individuals learn and internalize the values, beliefs, and norms of their culture, becoming functioning members of society.