Which of the following is not an argument for federal regulation?

Loss prevention and control:

The law of large numbers states that as the number of exposure units increases:

Given the requisites of an insurable risk, which of the following exposures would make the best subject of a profitable insurance pool?  (Assume a premium appropriate to the exposure is charged, and analyze the exposure from an insurer’s standpoint.)

Examine the following list of “risks.”  Determine which of these is not “pure risks”

Billy is driving to the beach for spring break.  Before leaving on his trip, he takes some cold medicine that makes him sleepy.  He falls asleep at the wheel and collides with another car on the highway and breaks his leg.  In this context, which of the following is the hazard?

All the following are true about underwriting except:

An insurance applicant dying from cancer is not likely to be insured because:

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Mrs. Oldham is receiving TENS for neck pain. Which of the following is true about TENS?