Mr. VanDelinder buys a $50,000 car.  Rather than buying insurance on the car, he sets aside $30,000 in a savings account to cover possible losses due to any accident.  He is:

Which of the following is the most important goal of insurance regulation?

Insurance regulations require legal reserves and surplus because

Given the requisites of an insurable risk, which of the following exposures would make the best subject of a profitable insurance pool?  (Assume a premium appropriate to the exposure is charged, and analyze the exposure from an insurer’s standpoint.)

Billy is driving to the beach for spring break.  Before leaving on his trip, he takes some cold medicine that makes him sleepy.  He falls asleep at the wheel and collides with another car on the highway and breaks his leg.  In this context, which of the following is the hazard?

An insurance applicant dying from cancer is not likely to be insured because:

A foreign insurer is:

Lloyd’s of London

An insurance applicant dying from cancer is not likely to be insured because:

Shanelle travels to Las Vegas, and puts $5,000 on the roulette table, hoping to win big.  Which of the following statements is true about this situation?