Insurance Risk Refers to the Risk That

question 37

Multiple Choice

Insurance risk refers to the risk that:

• A)a lot of policyholders make claims
• B)the insurance market is saturated and thus the insurance companies cannot write additional policies
• C)individuals and companies are over-insured leading to high liability values in insurance companies
• D)actual policy liabilities turn out to be higher than provisions or reserves for policy liabilities

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Definitions:

Institution of Slavery

A social and economic system in which individuals are owned as property by others, deprived of personal freedom, and forced to perform labor or services.

Proslavery

A stance or ideology that advocates for or supports the practice of slavery, justifying it on economic, moral, or social grounds.

Anti-Slavery

Opposition to the practice of slavery and the slave trade, advocating for the abolition of slavery and the emancipation of enslaved people.

Secretary of War Henry Knox

A leading military officer of the Continental Army during the American Revolution who later served as the first United States Secretary of War under President George Washington.