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Author Question: Characteristics of a fortuitous loss include which of the following? I. The loss is certain to ... (Read 134 times)

storky111

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on: Jul 11, 2018
Characteristics of a fortuitous loss include which of the following? I. The loss is certain to occur. II. The loss occurs as a result of chance.
 
  A) I only
  B) II only
  C) both I and II
  D) neither I nor II

Question 2

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.


Beatricemm

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Reply #1 on: Jul 11, 2018
Answer to Question 1

Answer: B

Answer to Question 2

Answer: C


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