Match the descriptions with their terms:
-Insuring a small, highly-probable loss before insuring a potentially severe but unlikely loss violates the _________________.
A) aleatory contract
B) Concealment
C) contract
D) Estoppel
E) express
F) insurable interest
G) insurance
H) large-loss principle
I) reasonable expectations
J) representation
K) requisites of insurable risk
L) subrogation
M) utmost good faith
N) waiver
O) warranty
Correct Answer:
Verified
Q20: Social insurance needs advance funding to operate
Q21: Without the insurance mechanism, the reserves needed
Q22: One social cost of insurance is attributed
Q23: Match the descriptions with their terms:
-An economic
Q24: Match the descriptions with their terms:
-One of
Q26: Match the descriptions with their terms:
-A contract
Q27: Match the descriptions with their terms:
-The principle
Q28: Match the descriptions with their terms:
-The principle
Q29: Match the descriptions with their terms:
-The principle
Q30: Match the descriptions with their terms:
-A statement
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