From the Viewpoint of the Insurer,all of the Following Are

question 13

Multiple Choice

From the viewpoint of the insurer,all of the following are characteristics of an ideally insurable risk EXCEPT

• A)The loss must be accidental.
• B)The loss should be catastrophic.
• C)The premium must be economically feasible.
• D)There must be a large number of exposure units.

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Definitions:

Classic Song

A timeless, enduring piece of music that has been widely accepted and is remembered beyond the era of its creation.

Nostalgia

A sentimental or wistful affection for the past, often for a period or place with happy personal associations.

Advertising Strategy

The plan by which a company intends to promote its products or services to reach a targeted audience and create demand.

Immediate Action

The prompt intervention taken to address an issue or execute a plan without delay.