From the standpoint of the insurer,all of the following are characteristics of an ideally insurable risk EXCEPT
A) The loss must be unintentional.
B) The chance of loss must be calculable.
C) The loss must be indeterminable.
D) The loss must be measurable.
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: All of the following are characteristics of
Q14: Reasons why market,financial,and production risks are often
Q16: All of the following are classified as
Q17: Why is a large number of exposure
Q18: The requirement that losses should be accidental
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