Because types of losses that are expected and types that are foreseeable vary with the nature of an activity, insurance is classified according to the nature of the risk involved.
Correct Answer:
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Q1: With a binder, an applicant for insurance
Q2: To encourage an owner to insure his
Q4: In most situations, state law determines the
Q5: An insured with multiple insurance policies covering
Q6: Because an insurance agent is an agent
Q7: Insurance contracts are usually obtained through an
Q8: Insurance is a contract in which the
Q9: Customarily, an insurance company offers to insure
Q10: Without an insurable interest, there can be
Q11: By insuring property, its owners protect themselves.
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