Course Solutions Uncategorized (Answered) : 7 A friend says “Insurance policies are a rip- off, they always have provisions that limit how much you can be compensated.” You e

(Answered) : 7 A friend says “Insurance policies are a rip- off, they always have provisions that limit how much you can be compensated.” You e

7 A friend says “Insurance policies are a rip- off, they always have provisions that limit how much you can be compensated.” You enlighten your friend by saying …

Expert Answer


I will enlighten my friend by saying that those are contractual provisions and it is desirable to the one who holds the policy. They reduce the premium; reduce moral hazard, lower administrative cost of insurer, and adverse selection.

Leave a Reply

Your email address will not be published. Required fields are marked *

Related Post

(Solved) : Need Help Making Pseudo Code Flowchart Include Include Include Include Csvparserhpp Using Q34580667 . . . .(Solved) : Need Help Making Pseudo Code Flowchart Include Include Include Include Csvparserhpp Using Q34580667 . . . .

<p>I need help with making pseudo code and flowchart</p><p>----------------------------------------------------------------------------------------------------</p><ul><li><p>#include <algorithm><br/>#include <iostream><br/>#include <time.h></p><p>#include "CSVparser.hpp"</p><p>using namespace std;</p><p>//============================================================================<br/>// Global definitions visible to all methods and classes<br/>//============================================================================</p><p>// forward declarations<br/>double strToDouble(string str, char ch);</p><p>// define