Final answer:
Aviation insurance involves a large insurance pool and minimal exposure.
Step-by-step explanation:
The correct answer is Option C: An extraordinarily large insurance pool and minimal exposure.
Aviation insurance involves a large insurance pool due to the high costs associated with potential aviation accidents and claims. However, the exposure, or the likelihood of these accidents occurring, is relatively minimal considering the safety measures and regulations in place in the aviation industry.
For example, while the insurance pool is large, the exposure is minimized by factors such as strict maintenance requirements, pilot training, air traffic control systems, and safety protocols.