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      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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