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4) What are the relationships among I'H , I'S , and E(I) for a policy that is partial?
4) What are the relationships among I'H , I'S , and E(I) for a policy that is partial?
A) I S' < I H' < E(I)
B) I S' > I H' > E(I)
C) I S' = I H' > E(I)
D) I S' < E(I) < I H'
E) I S' > E(I) > I H'
8. State independence can occur where
A) insurance is partial
B) IH = IS
C) q = ( IH - IS )
D) q < ( IH - IS )
E) not enough info given to determine the answer