What are the requirements for an "ideally" insurable group of exposures?
What will be an ideal response?
There are four requirements, from the point of view of the insurer, to make an "ideal" pool of exposures. 1 ) there must be a large number of homogeneous exposures (characteristics and dollar size) 2 ) losses have to be accidental and unintentional 3 ) losses must be measurable, and definite in time and place and of sufficient severity to cause economic hardship, 4 ) losses cannot have catastrophic potential (point of view of insurer).
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A) institutional agency B) limited-service agency C) creative services agency D) in-house agency E) full-service agency
Complete performance is the standard used by courts today to determine if a contract has been breached
Indicate whether the statement is true or false
Brand equity is calculated by subtracting sales of generic brands from the sales of branded items in a category.
Answer the following statement true (T) or false (F)
Elaborate on personal privacy and intellectual property, and discuss the ethical and legal challenges that information technology raises.
What will be an ideal response?