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ASIS Exam PSP 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.

ATrue

BFalse

Show Suggested Answer

Suggested Answer: B

by Kanisha at Sep 18, 2024, 06:21 PM

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Lenny

3 days 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.

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Tatum

11 days 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.

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Yuette

1 years ago

This question is as clear as mud. Maybe the insurers just have a really good crystal ball to predict the future.

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Luann

1 years ago

Insurance is all about spreading the risk, not just making a quick buck. I think the answer has to be B) False.

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Truman

11 months 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.

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Ashlee

12 months 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.

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Emogene

12 months ago

I agree, insurance is about spreading the risk. So, the answer is definitely B) False.

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Samira

1 years ago

But insurance carriers need to make a profit, so it makes sense that the estimated value of loss is greater than premiums paid.

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Gaston

1 years ago

I disagree, I believe the answer is False.

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Samira

1 years ago

I think the answer is True.

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Dona

1 years ago

This question is a piece of cake! Of course, the insurers are in it for the money, not to lose it.

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Stanton

1 years 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?

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Alishia

11 months ago

But wouldn't that mean the premiums are always less than the estimated loss? I'm not sure.

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Shaunna

11 months ago

I think it's true because insurance companies need to make a profit to stay in business.

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Marya

12 months ago

B) False

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Stefany

12 months ago

A) True

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Shaun

1 years 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.

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Lyla

11 months ago

Yes, it makes sense that the estimated value of loss would be higher than the premiums paid.

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Chi

12 months ago

I also think it's true, insurance companies need to make sure they can cover the cost of claims.

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Adrianna

12 months ago

I agree, insurance is all about protecting against potential losses.

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Suzan

1 years ago

The question seems straightforward, but I'm not sure if the answer is as simple as it appears.

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Viola

12 months ago

I'm not sure, but it does make sense that they would need to cover the cost of potential losses.

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Jannette

1 years ago

B) False

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Sabra

1 years ago

I think it's true because insurance companies need to make a profit.

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Tammy

1 years ago

B) False

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Sanda

1 years ago

A) True

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Mammie

1 years ago

I think it's true because insurance companies need to make a profit.

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Marisha

1 years ago

A) True

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