A peril is
A) a moral hazard.
B) the cause of a loss.
C) a condition that increases the chance of a loss.
D) the probability that a loss will occur.
Correct Answer:
Verified
Q7: The premature death of an individual is
Q8: Uncertainty based on a person's mental condition
Q9: Dense fog that increases the chance of
Q10: Which of the following statements about financial
Q11: A pure risk is defined as a
Q13: A name that encompasses all of the
Q14: One of the speculative financial risks considered
Q15: An insurance company estimates its objective risk
Q16: Objective risk is defined as
A)the probability of
Q17: The long-run relative frequency of an event
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