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Insurance principle |
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Insurance principle The law of averages. The average outcome for many independent trials of an experiment will approach the expected value of the experiment. |
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| But health policy experts and consumer advocates fear widespread use of the plans undermine a core insurance principle about the need to spread risk among a wide range of policyholders. Synopsis: The hardcover book provides a solid understanding of risk management principles and describes current insurance principles, contracts and practices. It's a basic insurance principle that the larger the pool, the easier it is to absorb the expense of the more costly members. |
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Insurance principle
