CII Certificate In Insurance - Insurance Underwriting Process (IF3) Practice Test

No two parcels of land are exactly identical in location and physical characteristics. This is known as what?

Fixity Scarcity Non-homogeneity Modification

Correct Answer:

Non-homogeneity

Explanation:

Non-homogeneity, also called uniqueness, means each parcel of real estate is distinct from every other parcel.

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