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makvit [3.9K]
3 years ago
15

All but one of the following features characterizes desirable aspects of insurance arrangements.

Business
1 answer:
prohojiy [21]3 years ago
5 0

Answer:

The answer is: The insurer should be guaranteed positive economic profits.

Explanation:

The insurer (or insurance company) like any other company in the world, is not 100% sure they will make a profit from a business transaction.

For example, a person that takes a life insurance policy for $1 million might die due to an accident, and the insurance company will lose money with that specific client.

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Each job will pay differently and each job will have different levels of pay. This is how the pay structure is established in large companies. State and Federal government jobs always operate on a pay structure such as this.

Learn more about pay structure at brainly.com/question/5044592

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