An Actuarially Fair Return Means

question 32

Multiple Choice

An actuarially fair return means

• A) returns on investments are indexed to the stock market.
• B) returns on investments have to be positive.
• C) benefits received,on average,would be equal to the premiums paid.
• D) premiums for insurance are generally paid by the government.

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Definitions:

Crisis Plan

A predefined strategy or set of guidelines devised to help an organization respond effectively to an emergency or sudden adverse event.

Effectiveness

The degree to which objectives are achieved and the extent to which targeted problems are solved.

PR Disaster

A situation caused by negative public relations events that significantly harm an organization's or individual's reputation and public image.

Transparent

Characterized by openness, communication, and accountability, allowing others clear insight into the processes or information.