Reasons Why a Peril May Be Considered Uninsurable and Therefore

question 1

Multiple Choice

Reasons why a peril may be considered uninsurable and therefore excluded from insurance contracts include which of the following?
I.The losses from the occurrence of the peril may be due to a predictable decline in value.
II.The losses from the occurrence of the peril may be incalculable and catastrophic.

• A)I only
• B)II only
• C)both I and II
• D)neither I nor II

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