Insurance Risks Can Be More Easily Pooled in Smaller Groups

question 90

True/False

Insurance risks can be more easily pooled in smaller groups.

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Definitions:

Default Judgment

Judgment for the plaintiff that occurs when the defendant fails to respond to the complaint.

Plaintiff

The party who initiates a lawsuit seeking legal remedy from the court for some harm or injury suffered.

Defendant

A person, company, or institution sued or accused in a court of law.

Complaint

A formal expression of dissatisfaction or allegation of wrongdoing in a legal or professional context.