Responses
By insuring many categories of cash crops, the insurance company hoped to collect more in premiums than it would pay in losses.
By insuring many categories of cash crops, the insurance company hoped to collect more in premiums than it would pay in losses.
By insuring just a few ships, the insurance company hoped to get lucky and choose ships and voyages that would be successful.
By insuring just a few ships, the insurance company hoped to get lucky and choose ships and voyages that would be successful.
By insuring many ships, the insurance company hoped to collect more in premiums than it would pay in losses.
By insuring many ships, the insurance company hoped to collect more in premiums than it would pay in losses.
By insuring many ships, the insurance
1 answer
company hoped to spread the risk across a larger number of policies, so that the total premiums collected would exceed the payouts for losses.
The correct response is: By insuring many ships, the insurance company hoped to collect more in premiums than it would pay in losses.
