The Maple Insurance has only the Milehigh Manufacturing account for disability income insurance for all of Milehigh’s employees. A high concentration of these insured is in one location. Oak Grove Insurance Company previously had the account along with many other large manufacturing companies around the country. Choose from below the correct statement(s) regarding the “law of large numbers” as it relates to these two insurers:

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The Maple Insurance has only the Milehigh Manufacturing account for disability income insurance for all of Milehigh’s employees. A high concentration of these insured is in one location. Oak Grove Insurance Company previously had the account along with many other large manufacturing companies around the country. Choose from below the correct statement(s) regarding the “law of large numbers” as it relates to these two insurers:

1. Oak Grove can use the law of large numbers better than Maple

2. Catastrophic loss exposure was the same for both insurers

3. The more employees insured, the better a company can predict the injury of any one employee

Answer: 1 

The above question The Maple Insurance has only the Milehigh Manufacturing account for disability income insurance for all of Milehigh’s employees. A high concentration of these insured is in one location. Oak Grove Insurance Company previously had the account along with many other large manufacturing companies around the country. Choose from below the correct statement(s) regarding the “law of large numbers” as it relates to these two insurers:, Was part of Insurance MCQs & Answers. I hope you got the correct answer to your question. Have a great time ahead.