SCI CTI Practice Questions - SCI Certificate Of Proficiency In Travel Insurance Exam

How does the principle of pooling of risk apply to travel insurance?

Many travellers pay premiums so that the few who suffer insured losses can be indemnified Each traveller pays only if a claim arises Insurers never pay medical claims overseas Premiums are refunded in full if no claim is made

Correct Answer:

Many travellers pay premiums so that the few who suffer insured losses can be indemnified

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