Sharing the Financial Consequences Associated with Risk in the Insurance

question 160

Multiple Choice

Sharing the financial consequences associated with risk in the insurance industry is sometimes called

• A)risk pooling.
• B)risk deferring.
• C)risk migration.
• D)risk splitting.
• E)none of the above.

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Definitions:

Message

An element of communication where information is sent from a sender to a recipient through various means.

Peripheral Nervous System

The segment of the nervous system comprising the nerves and neural clusters found beyond the brain and spinal cord.

Sensory Pathway Neurons

Nerve cells involved in the paths that sensory information travels from the sensory organs to the brain for processing.

Central Nervous System

The part of the nervous system consisting of the brain and spinal cord, responsible for processing and sending out neural signals.