From the viewpoint of the insurer,all of the following are characteristics of an ideally insurable risk EXCEPT
A)The loss must be accidental.
B)The loss should be catastrophic.
C)The premium must be economically feasible.
D)There must be a large number of exposure units.

Question

Quizplus · Accepted Answer

The insurer generally prefers risks that are not catastrophic, as they would lead to a large number of claims and potentially bankrupt the insurer. Therefore, insurable risks should not be catastrophic.

From the Viewpoint of the Insurer,all of the Following Are