1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Travka [436]
2 years ago
5

The number one reason risk pooling is valuable to the insurance industry is... A. It allows companies to charge the same premium

to all members of the pool. B. It brings together many individuals' premiums so that there is money to cover the select few with losses. C. It makes insurance coverage available to everyone, even those who are unable to make their payments. D. It is subsidized by the federal government.
Business
1 answer:
kolbaska11 [484]2 years ago
7 0

The reason for risk pooling which is beneficial for the insurance industry is best described as it brings together many individuals' premiums so that there is money to cover a selected few losses.

Option B is the correct answer.

<h3>Who is a policyholder?</h3>

The policyholder is an individual who takes an insurance policy from an insurance company. He pays insurance premiums against their respective policies.

The insurance contract is an agreement between the individuals and insurance company to indemnify them at the happening of the specified event and individuals also agreed to pay the insurance premiums on time. The risk pooling allows the insurance company to get insured many people against a small amount of money called an insurance premium.

Therefore, risk pooling is valuable for the insurance company in respect of the insurance policies.

Learn more about the insurance in the related link;

brainly.com/question/14969988

#SPJ1

You might be interested in
I need help ASAP!!!!
aleksandr82 [10.1K]

Answer:Feet

Explanation:

with what?

3 0
3 years ago
Give a Brief history from subsistence economy to money economy.<br> Please Help ASAP. Please
Rus_ich [418]

Answer:

Explantation to the following question is as follows;

Explanation:

A subsistence economy frequently engages in artisans fisheries, labor-intensive agriculture, and animal grazing. Handmade, basic tools and traditional procedures are used in each of these undertakings. The absence of excess is another feature of subsistence economies.

Money is an economic entity that serves as a universally accepted means of trade in a transactional economy. Money performs the function of lowering transaction costs, namely the twofold coincidence of desires.

5 0
3 years ago
Name the non-partisan organization that has set the rules for U.S. presidential and
Oksi-84 [34.3K]

Answer:

The non-partisan organization that has set the rules for U.S. presidential and  vice presidential debates since 1987 is discussed below in details.

Explanation:

A non-partisan system is an arrangement of administration or organizations such that general and intermittent elections take place without relating to political parties. there are two types of Non-partisan organizations: De facto and De jure.

The commission of presidential debates was organized in the year 1987 to assure that the debates, as a constant part of every general election. The commission of presidential debate advocate and present debates for the United States presidential and vice-presidential candidate.

6 0
3 years ago
Howard plans on leaving $625 in his savings account for 19 months. The account pays 5.7% simple interest annually. what will be
zysi [14]
His balance will be $660.63
6 0
3 years ago
Toby is purchasing a $15 cake for their mother's birthday.
miss Akunina [59]
Toby should use his debit card. he should use his debit card because it’s only 15 dollars which is not an expensive amount. using his debit card would keep the payments he has to make on his credit card lower
7 0
2 years ago
Other questions:
  • Hawkins Poultry Farms is considering the purchase of feeding equipment that costs $139,000 and will produce annual cash flows of
    14·1 answer
  • How do you calculate net gdp
    11·1 answer
  • Indicate whether the following accounts generally will have (a) debit entries only, (b) credit entries only, or (c) both debit a
    12·1 answer
  • Return to questionItem 6Item 6 E8-16 Analyzing and Interpreting Receivables Turnover Ratio and Days to Collect [LO 8-4] FedEx Co
    5·1 answer
  • Nebraska Communications is considering the purchase of a new satellite. The firm believes the satellite will help generate futur
    11·1 answer
  • Bethany needs to borrow $10,000. She can borrow the money at 6% simple interest for 5 yr or she can borrow at 5% with interest c
    11·1 answer
  • Assume the account number for income summary is 901.2
    9·1 answer
  • What is the relationship between price and demand for your product?
    7·1 answer
  • All _____________must become part of the federal reserve system.
    14·1 answer
  • Question 3 Resonant leaders create relationships in which those involved experience the following conditions. (Select the answer
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!