All Risks Are Not Insurable

question 73

Multiple Choice

All risks are not insurable.Identify the feature that does not meet the requirement of a risk that is perfectly suited for insurance.

• A)The losses that occur are accidental.
• B)The number of similar exposure units is small.
• C)The probability distribution of losses can be determined.
• D)A catastrophe cannot occur.
• E)Losses are definite.

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Definitions:

Limit Switch

A device used to detect the presence or absence of an object or to determine its position by physically interacting with it, often acting as a safety mechanism.

Tag

In programming and automation, a label or identifier used to name a variable or element within a system.