Author Question: Which of the following is implied by the requirement that a loss should be determinable and ... (Read 75 times)

vHAUNG6011 · **on:** Jul 11, 2018

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 2

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.