📢 Too many exams? Don’t know which one suits you best? Book Your Free Expert 👉 call Now!

    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.

    Practice Next
    More Insurance Awareness Questions
    ask-question