In Order for a Potential Loss to Be Insurable It

question 195

Multiple Choice

In order for a potential loss to be insurable it must be

• A)fortuitous and financial.
• B)indemnifiable.
• C)catastrophic.
• D)expected.

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Definitions:

Ethos

The characteristic spirit, moral values, or guiding beliefs of a person, community, or culture.

Collectivist

Pertaining to cultural or social practices that emphasize the group, community, or collective over the interests of the individual.

Subordination

the act of placing or ranking one thing below another in terms of importance or priority.

Individualist

A person with a preference for independence and self-reliance, often prioritizing personal goals and values over group objectives.