For a risk to be insurable, it must be under the control of the insured.

Name: For a risk to be insurable, it must be under the control of the insured.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Insurable risks are those that are beyond the control of the insured, such as natural disasters, accidents, or illnesses. These risks can be transferred to an insurance company through a contract, and the insurer agrees to cover the loss or damage caused by the risk. Therefore, the statement is false.

For a Risk to Be Insurable, It Must Be Under