Question

having diabetes will be categorized as which type of hazard *
options:
moral
morale
physical
health

an agent who conducts business in a different state and where they are originally licensed in is labeled as a
options:
captive agent
career agent
foreign agent
domestic agent

out of the following answer options, which statement is true regarding law of large number : *
options:
amongst a similar type of catastrophic losses
the larger the number the more accurate the predicition
statistics for loss

Explanation:

1. For the first question: Physical hazards relate to physical/biological conditions that increase risk; diabetes is a physical health condition that raises insurable risk.
2. For the second question: A foreign agent is defined as an insurance agent conducting business in a state outside their original licensing state.
3. For the third question: The Law of Large Numbers states that as the sample size of observed events increases, the accuracy of predictions about those events improves.

Answer:

1. Physical
2. foreign agent
3. the larger the number the more accurate the prediction