One of the Four Characteristics of an Insurable Risk Is

question 71

Multiple Choice

One of the four characteristics of an insurable risk is ________.This means that the loss must result from an accident,not an intentional act by the policy-holder.

• A) unconnectedness
• B) verifiability
• C) profitability
• D) predictability
• E) casualty

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Definitions:

Soda Pop

A carbonated soft drink available in various flavors, often sweetened and served chilled.

Utility-Maximizing

A principle in economics where consumers allocate their income to purchase goods and services that provide the highest satisfaction or utility.

Staples

Basic or essential food items and products that are consumed regularly and necessary for daily living.

Paper Clips

Small pieces of bent wire or plastic used for holding sheets of paper together.