From the standpoint of the insurer,which of the following is a characteristic of an ideally insurable risk?
A) The loss must be intentional.
B) There must be a small number of unique loss exposures.
C) The chance of loss must be calculable.
D) The loss must be indeterminable.
Correct Answer:
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Q1: Which of the following types of risks
Q3: Characteristics of a fortuitous loss include which
Q4: Which of the following is implied by
Q5: Methods by which insurers may minimize or
Q6: Which of the following statements regarding insurance
Q7: According to the law of large numbers,what
Q8: From the viewpoint of the insurer,all of
Q9: Which of the following is classified as
Q10: The tendency for unhealthy people to seek
Q11: Which of the following is implied by
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