HS 311 Practice Questions - HS 311 Fundamentals Of Insurance Planning Exam

Which of the following is a requirement of an ideally insurable risk from the insurer's perspective?

The loss must be catastrophic to a large portion of insureds at once The loss must be definite in time, place, and amount, and accidental The chance of loss must be impossible to calculate The premium must exceed the policy limit

Correct Answer:

The loss must be definite in time, place, and amount, and accidental

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