Assume the following group of 150 potential insured’s for health insurance:                             High risk group (50 potential insured’s)               Expected Annual Cost of Health Care Expenditures = $3600/insured                 Medium risk group (50 potential insured’s)               Expected Annual Cost of Health Care Expenditures = $2400/insured                 Low risk group (50 potential insured’s)               Expected Annual Cost of Health Care Expenditures = $1200/insured       Also assume that the insurer is unable to distinguish one class from another and yet the   insured’s have good information regarding their particular risk.   What should the insurer attempt to do to prevent this problem from occurring (assuming that they cannot require participation)? (Hint: there are actually two separate but related things they must do).

Which of the following forms of indemnification mentioned in class results in a reduced recovery due to the depreciation of property insured?

Suppose that there are fifty individuals with the following chance of loss:                                                       80% chance of no loss                            20% chance of a $2,500 loss   Describe what the distribution graph would look like? 

The term used to describe the situation where only one party makes a legally enforceable promise is what?

What is the placenta?​

With regard to risk control, provide an example of LOSS REDUCTION  (don’t define it, give me actual examples – also, make sure you do not give examples of avoidance):

What is the pH of the small intestine?  Why is this important?  Pick all that apply

BONUS.  Name one of the two medications that we discussed that inhibits platelet aggregation and causes vasodilation by inhibiting phosphodiesterase? 

Responsibilities of the underwriter include all of the following EXCEPT:

Exocrine secretion of the pancreas