Hurricane Damage in a Given Area Is an Example of a ____________________

question 35

Multiple Choice

Hurricane damage in a given area is an example of a ____________________ for which it is difficult to predict loss exposure.

• A)low-severity,low-frequency event
• B)high-severity,high-frequency event
• C)low-severity,high-frequency event
• D)high-severity,low-frequency event

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Definitions:

State Paternalism

The practice of the government to restrict the freedom and responsibilities of individuals for their own good.

Licensing Requirements

The set of qualifications and conditions that individuals or entities must meet in order to legally practice certain professions or activities.

Government Research Funds

Government research funds are financial allocations provided by governmental bodies to support scientific, academic, or technological research and development.

Faith-Healing

A practice where belief and prayer are used to heal illnesses and injuries, often considered a spiritual or religious approach to wellness.