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Mossin's Theorem for Upper‐Limit Insurance Policies
Author(s) -
Schlesinger Harris
Publication year - 2006
Publication title -
journal of risk and insurance
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 1.055
H-Index - 63
eISSN - 1539-6975
pISSN - 0022-4367
DOI - 10.1111/j.1539-6975.2006.00175.x
Subject(s) - deductible , limit (mathematics) , economics , actuarial science , insurance policy , class (philosophy) , mathematical economics , mathematics , business , computer science , mathematical analysis , artificial intelligence
Although Mossin's Theorem (“full insurance with a fair premium and less‐than‐full coverage with a proportional premium loading”) is well known for the classes of coinsurance contracts and for deductible‐insurance contracts, it has not been proven for the class of upper‐limit insurance contracts. This article provides a proof for this case.