Journal
JOURNAL OF RISK AND INSURANCE
Volume 73, Issue 2, Pages 297-301Publisher
WILEY
DOI: 10.1111/j.1539-6975.2006.00175.x
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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.
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