Which of the following is implied by the requirement that a loss should be determinable and measurable to be insurable?
I.The loss must be definite as to place.
II.The loss must be definite as to amount.
A)I only
B)II only
C)both I and II
D)neither I nor II

Question

Quizplus · Accepted Answer

The requirement that a loss should be determinable and measurable to be insurable implies that the loss must be definite as to both place (I) and amount (II), as insurers need to be able to calculate the amount of coverage needed and where to provide coverage.

Which of the Following Is Implied by the Requirement That