New Year Sale 2026! Hurry Up, Grab the Special Discount - Save 25% - Ends In 00:00:00 Coupon code: SAVE25
Welcome to Pass4Success

- Free Preparation Discussions
Mail Us support@pass4success.com
Location US
Mob_nav_barsMENU

ASIS PSP Exam - Topic 3 Question 99 Discussion

Actual exam question for ASIS's PSP exam
Question #: 99
Topic #: 3
[All PSP Questions]

Insurance carriers provide coverage on the basis that the estimated value of loss is always greater than the total of the premiums paid.

Show Suggested Answer Hide Answer
Suggested Answer: B

by Kanisha at Sep 18, 2024, 05:21 PM

Limited Time Offer

25%

Off

Get Premium PSP Questions as Interactive Web-Based Practice Test or PDF

Contribute your Thoughts:

0/2000 characters
Submit Cancel
Tequila
3 months ago
Wait, are you sure that's always the case?
upvoted 0 times
...
Carla
3 months ago
True, it's all about risk assessment.
upvoted 0 times
...
Cherilyn
3 months ago
Really? I thought it depended on the policy.
upvoted 0 times
...
Major
4 months ago
I disagree, sometimes premiums can exceed payouts.
upvoted 0 times
...
Dylan
4 months ago
That's definitely true, they need to make a profit.
upvoted 0 times
...
Chuck
4 months ago
I’m leaning towards true since the whole point of insurance is to cover potential losses, but I wish I had reviewed more examples before the exam.
upvoted 0 times
...
Xuan
4 months ago
This sounds familiar, but I feel like there might be exceptions where the total premiums could equal or exceed the estimated loss.
upvoted 0 times
...
Serina
4 months ago
I remember a practice question that discussed how premiums are calculated based on risk, but I can't recall if that means the estimated loss is always greater.
upvoted 0 times
...
Jimmie
5 months ago
I think this statement is true because insurance is designed to protect against larger losses, but I'm not entirely sure.
upvoted 0 times
...
Dorthy
5 months ago
This is a tricky one. I'll need to think it through carefully, but I'm going to start by recalling the basic purpose and structure of insurance policies. That should help me determine the right answer.
upvoted 0 times
...
Dorsey
5 months ago
Okay, let me break this down step-by-step. The key is understanding that insurance companies need to make a profit, so the total premiums paid must be greater than the estimated value of losses. I think I've got a good handle on this.
upvoted 0 times
...
Tresa
5 months ago
Hmm, I'm a little unsure about this one. I'll need to review my notes on how insurance premiums and payouts work to make sure I understand the underlying principles.
upvoted 0 times
...
Nichelle
5 months ago
This seems like a straightforward true/false question. I'll need to think through the logic carefully, but I'm confident I can figure this out.
upvoted 0 times
...
Lenny
5 months ago
Wait, I'm confused. Isn't the whole point of insurance to protect against losses that are greater than the premiums paid? I'm not sure I'm following the logic here.
upvoted 0 times
...
Tatum
5 months ago
Hmm, I'm not sure about this one. The question is asking about how Media Server or Stream Manager can be configured with SIP Server in a multi-tenant environment. I'll need to think this through carefully.
upvoted 0 times
...
Yuette
1 year ago
This question is as clear as mud. Maybe the insurers just have a really good crystal ball to predict the future.
upvoted 0 times
...
Luann
1 year ago
Insurance is all about spreading the risk, not just making a quick buck. I think the answer has to be B) False.
upvoted 0 times
Truman
1 year ago
That makes sense. It wouldn't be fair if insurance companies always made a profit without providing coverage. B) False seems like the right choice.
upvoted 0 times
...
Ashlee
1 year ago
I think you're right. Insurance companies wouldn't stay in business if they always paid out less than they collected in premiums. B) False is the correct answer.
upvoted 0 times
...
Emogene
1 year ago
I agree, insurance is about spreading the risk. So, the answer is definitely B) False.
upvoted 0 times
...
...
Samira
1 year ago
But insurance carriers need to make a profit, so it makes sense that the estimated value of loss is greater than premiums paid.
upvoted 0 times
...
Gaston
1 year ago
I disagree, I believe the answer is False.
upvoted 0 times
...
Samira
1 year ago
I think the answer is True.
upvoted 0 times
...
Dona
1 year ago
This question is a piece of cake! Of course, the insurers are in it for the money, not to lose it.
upvoted 0 times
...
Stanton
1 year ago
Hmm, I'm not so sure about that. Insurers do make a profit, so the premiums can't always be less than the estimated loss, right?
upvoted 0 times
Alishia
1 year ago
But wouldn't that mean the premiums are always less than the estimated loss? I'm not sure.
upvoted 0 times
...
Shaunna
1 year ago
I think it's true because insurance companies need to make a profit to stay in business.
upvoted 0 times
...
Marya
1 year ago
B) False
upvoted 0 times
...
Stefany
1 year ago
A) True
upvoted 0 times
...
...
Shaun
1 year ago
I think the estimated value of loss being greater than the total premiums is a key principle of insurance, so I'll go with A) True.
upvoted 0 times
Lyla
1 year ago
Yes, it makes sense that the estimated value of loss would be higher than the premiums paid.
upvoted 0 times
...
Chi
1 year ago
I also think it's true, insurance companies need to make sure they can cover the cost of claims.
upvoted 0 times
...
Adrianna
1 year ago
I agree, insurance is all about protecting against potential losses.
upvoted 0 times
...
...
Suzan
1 year ago
The question seems straightforward, but I'm not sure if the answer is as simple as it appears.
upvoted 0 times
Viola
1 year ago
I'm not sure, but it does make sense that they would need to cover the cost of potential losses.
upvoted 0 times
...
Jannette
1 year ago
B) False
upvoted 0 times
...
Sabra
1 year ago
I think it's true because insurance companies need to make a profit.
upvoted 0 times
...
Tammy
1 year ago
B) False
upvoted 0 times
...
Sanda
1 year ago
A) True
upvoted 0 times
...
Mammie
1 year ago
I think it's true because insurance companies need to make a profit.
upvoted 0 times
...
Marisha
1 year ago
A) True
upvoted 0 times
...
...

Save Cancel