Map of United States Tourist on 5 * $100) = $50. If insurance is actuarially fair, risk-averse individuals will fully insure; that is, they will buy enough insurance to eliminate all variance in wealth across possible future states of the world. For example, consider risk-averse people who face two possible states of the future (good and bad) who fully insure. If the good state of the world occurs, they will keep their current wealth less the insurance premium. If the bad state of the world occurs, they will receive an insurance settlement that will bring their wealth to the same level it would have been in the good state of the world. In practice, insurance is never actuarially fair. There are many costs to an insurance company besides paying benefits to the insured; they must hire a sales staff, comply with state regulations, pay rent on their office space. Map of United States Tourist 2016.
Map of United States Tourist Holiday Map Q.