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- 1) Please give and explain the numerical example of adverse selection that arises in life insurance market?Indicate whether the statement is true, false, or unclear, and justify your answer.On average, observed mortality rates are higher for people who buy life insurance than for people who do not. This is best taken as evidence in favor of adverse selection in life insurance markets.Underwriting risk results when the premiums generated on a given insurance product line are insufficient to cover all of the following EXCEPT: a.All of the above. b.Increased premiums. c.Increased expenses. d.Increased claims.
- You would have a better chance of insurance coverage for medical services not provided by the network with a preferred provider organization (PPO) than with a health maintenance organization (HMO) plan. Group of answer choices a. True b. FalseIt pertains to a risk management technique when acquiring a life insurance. *risk avoidancerisk retentionrisk transferanswer not givenDiscuss the potential for adverse selection when insureds exercise the renewability or convertibility option in a term life insurance policy. Which is more likely to be affected by adverse selection.
- Which of the following is not an insurance management tool? Group of answer choices deductibles. screening of applicants. limits on insurance. restrictive covenants. signalling.why has insurance delined as arisk fincaing techniqueHow do economic factors influence healthcare policy decisions and outcomes?l am not satisfy give downvote
- The standard of care for professionals is: A. lower than that of general liability exposures B. not a relevant issue in determining liability insurance C. higher than that of general liability exposures D. the same as general liability exposuresDifference between the traditional health financing mechanisms and the newer traditional mechanismsWhich of the following stalements is required by Long- Term care insurers when referring lo inflation proleclion in qualified Long-Term Care policies? A.All policies must include inflation protection. B.It is mandatory for the insurance companies lo offer consumers the option of inflation protection. C.The insurance companies have the choice if hey want to offer inflation protection. D.The purchaser must requesl inflation protection after lhe policy is issued.