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

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Which characteristic distinguishes pure risk from speculative risk and explains why only pure risk is generally insurable?

Pure risk involves only the possibility of loss or no loss, with no chance of gain Pure risk always produces a financial gain Pure risk is created voluntarily by the insured Pure risk cannot be measured statistically

Correct Answer:

Pure risk involves only the possibility of loss or no loss, with no chance of gain

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