Insurance and Risk: Mastery Test correctly answered already passed

Insurance and Risk: Mastery Test correctly
answered already passed
1. Devon's job is to determine appropriate insurance pre- A. actuary
miums based on levels of risk. What is Devon's job title?

2. Victoria is an actuary for an insurance company. 26-year-old female non-
She recently compiled this table to help her smoker
determine health insurance premiums for “
the upcoming year. Consider the likeliness of 18-year-old male athlete
each individual to have a need for health “
insurance. Order the individuals from least to 32 -year-old female non-
greatest need for health insurance. smoker
“
45-year-old male smoker
“
78-year-old male
nonsmok- er
“
65-year-old female
smoker

3. Which three questions are likely to be asked by Are you a smoker?
life in-
surance companies to determine the price of a policy?
How old are you?

Do you have a history
of ill- ness or other
health condi- tions?

4. Gareth is choosing a car insurance plan. Based on each plan, the
his driving history and the traffic where he insurance will
lives, Gareth estimates that there is a 15% cover the full
chance he will have a car collision this year. In cost of the
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