Question and answer
When you purchase insurance, what are you doing? A. Transferring the risk of a loss. B. Reducing the risk of a loss. C. Avoiding the risk of a loss D. Retaining the risk of a loss
When you purchase insurance, transferring the risk of a loss.
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Asked 5/20/2011 8:01:35 PM
Updated 1/4/2016 12:22:52 PM
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When you purchase insurance, transferring the risk of a loss.
Added 1/4/2016 12:22:52 PM
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Questions asked by the same visitor
What is the basis for the concept of risk pooling? A. the law of large numbers. B. the law of averages. C. the laws of probability. D. statistical variation.
Weegy: A: the law of probability (More)
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Updated 8/7/2016 8:53:13 PM
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The law of large numbers is the basis for the concept of risk pooling.
Added 8/7/2016 8:53:11 PM
This answer has been confirmed as correct and helpful.
Confirmed by jeifunk [8/8/2016 2:27:15 AM]
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