As a general rule,only ______ is insurable.
A)business risk
B)market risk
C)pure risk
D)risk

Question

Quizplus · Accepted Answer

Pure risk is the type of risk that refers to situations that can only result in a loss or no change at all. This includes risks such as death, accident, illness, and damage to property from fire or other natural disasters. Only pure risks are insurable as they involve uncertainty and loss, which are the fundamental requirements for insurability. The other types of risk, such as business and market risks, involve the possibility of gaining or losing money and are not typically insurable.

As a General Rule,only ______ Is Insurable