For a Risk to Be Insurable, It Must Be Under

question 1

True/False

For a risk to be insurable, it must be under the control of the insured.

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Definitions:

Mechanistic

An approach in understanding phenomena that involves breaking down complex systems into simpler parts to explain how they work.

Rigidly Defined

Described or specified with strictness and inflexibility.

Flexible

Capable of bending easily without breaking; adaptable to change or capable of being modified to suit different conditions or uses.

Natural Selection

A fundamental mechanism of evolution where organisms better adapted to their environment tend to survive and produce more offspring.