If Insurers Were to Provide Indemnification for Losses That Were

question 41

Multiple Choice

If insurers were to provide indemnification for losses that were deliberately caused,which characteristic of ideally insurable risks would not be met?

• A)The loss must be accidental and unintentional.
• B)The loss must be determinable and measurable.
• C)The loss should not be catastrophic.
• D)There must be a large number of similar exposure units.

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Definitions:

Species Richness

The number of different species present in a specific area, region, or ecosystem, reflecting its biodiversity.

Community Stability

The ability of a community to withstand environmental changes or disturbances without losing its structure and functionality.

Community Complexity

A measure of the diversity and relative abundance of different species within an ecological community.

Ecologists

Scientists who study the relationships between organisms and their environments, focusing on ecosystems and biodiversity.