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Alja [10]
3 years ago
14

. There is an 80% probability that Tom will be in good health during the year and incur only $200 in medical expenses, but there

is a 20% probability that he will be ill and incur $20,000 in medical expenses. If an insurance company charged Tom an actuarially fair premium, how much would Tom pay for health insurance
Business
1 answer:
zaharov [31]3 years ago
5 0

Answer:

The  Actuarially Fair Premium that Tom have to pay for hid Health Insurance is $4,160

Explanation:

To compute the amount that Tom have to pay for Health Insurance is;

Actuarially Fair Premium = (Probability of actuality ill × Payments incurred) + (Probability of not actuality ill × Payments incurred)

Actuarially Fair Premium = (20% x $20,000) + (80% x $200)

Actuarially Fair Premium = $4,000 + $160

Actuarially Fair Premium  = $4,160

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aliina [53]

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3 years ago
Which of the following could result in the termination and liquidation of a partnership?1) Partners are incompatible and choose
Natalka [10]

Answer:

E) 1, 2, and 3

Explanation:

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  3. if the partners decide to leave because they retire then the partnership will probably have to be liquidated unless a new partner replaces the one that leaves or the other partners buy his/her share of the partnership.
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What does each employer that has employees with occupational exposure to human blood or opim need to have?.
Dovator [93]

Answer:

Each employer who has an employee (s) with occupational exposure to blood or OPIM is required to document an exposure determination. The exposure determination is made without regard to the use of personal protective equipment since employees are considered exposed even if they wear personal protective equipment.

Explanation:

7 0
2 years ago
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Answer:

c

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A private good is a good that is excludable and rivalrous. They are usually exchanged in the market by private sector businesses. It is only you who purchased the ferrari and those you allow that can use the ferarri.

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