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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. How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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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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