All of the following are characteristics of insurance EXCEPT
A) risk avoidance.
B) pooling of losses.
C) payment of fortuitous losses.
D) indemnification.
Correct Answer:
Verified
Q3: Characteristics of a fortuitous loss include which
Q5: Methods by which insurers may minimize or
Q6: Which of the following statements regarding insurance
Q10: The tendency for unhealthy people to seek
Q14: Reasons why market,financial,and production risks are often
Q15: From the standpoint of the insurer,all of
Q16: Inland marine insurance provides coverage for
A)goods being
Q16: All of the following are classified as
Q17: Why is a large number of exposure
Q19: Which of the following types of risks
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents