Risks are not all equally insurable. As such, insurers prepare for losses using specific characteristics making fairly predictable rate of loss estimates. Which of the following is one of these characteristics?
A) The loss must be certain
B) Loss must include perils of war, nuclear risks, and floods
C) Loss must be ascertainable
D) Any loss of paid wages
Correct Answer:
Verified
Q1: The concept of indemnity means
A)Insurance restores the
Q3: If an insured individual is indemnified for
Q4: Insurance transacted across state lines is deemed
Q5: If a debtor is unable to pay
Q6: Limit of liability is more commonly referred
Q7: The McCarran-Ferguson Act of 1974 states:
A)Federal government
Q8: As an insurer, if you choose to
Q9: Which of the following protects the insured
Q10: Disclosure authorization must be given to applicants:
A)When
Q11: The majority of insurance regulation takes place
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