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“Independence” in an insurance pool means:
A) the bad risks pay more for insurance than good risks
B) the members of the pool exhibit the same level of risk
C) those who experience losses have their premiums raised
D) the occurrence of one event makes it neither more nor less probable that the other occurs
Answer: D
The above question “Independence” in an insurance pool means:, Was part of Insurance MCQs & Answers. I hope you got the correct answer to your question. Have a great time ahead.
