IIA
IIA-CFSA · Question #209
IIA-CFSA Question #209: Real Exam Question with Answer & Explanation
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Question
Insurance companies assist individuals in managing personal risk through risk pooling. Risk pooling is based on fact that the probability of any one type of loss occurring for a given individual is small. Therefore insurers can insure:
Options
- AA large number of people against a given peril, based on the knowledge that only a small
- BOnly few people against a given peril, based on the knowledge that only a small percentage of
- CA large number of people against a given peril, based on the knowledge that a large
- DNone of these
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