CAS Exam 6C Fall 2018, Question 11

Study guide: Exam 6C

Part a (2 points)

For each of the following types of flood insurance programs, briefly describe two advantages and two disadvantages:

• i. Public and mandatory
• ii. Private and voluntary

Part b (1 point)

Briefly describe four variables that increase flood insurance take-up rates.

Answer this question and see the worked solution

Concepts tested

• Flood Insurance
• Adverse Selection
• Social Insurance
• Voluntary Private Insurance Market

More questions from this set

• CAS Exam 6C Fall 2018, Question 10
• CAS Exam 6C Fall 2018, Question 12