Question

Risks for which it is difficult for someone to get insurance is called?

A Partial Risk Correct Answer Incorrect Answer
B Uninsurable Risk Correct Answer Incorrect Answer
C Covariant Risk Correct Answer Incorrect Answer
D Pure Risk Correct Answer Incorrect Answer
E None of these Correct Answer Incorrect Answer

Solution

Uninsurable risk is a condition that poses unknowable or unacceptable risk of loss or a situation in which the insurance would be against the law. Insurance companies limit their losses by not taking on certain risks that are very likely to result in a loss.

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