1. Just answer the question and requires some research against Lecture 7 as well as your thoughts on different elements/operation of these programs.

2. On Exercise 3 question 1, first part,in slide 13 of Lecture 7, one of the bullet points state that “But when claim costs exceed a limit as established within a state, an extra premium is applied to both good and bad companies (everybody pays more). Good companies get penalized for actions of the bad ones.”
The first part of question 1 is asking your opinion on whether this approach (good winds up paying for the actions of the bad) is fair? If so, why and if not, why not.

ORDER NOW

Open chat