Which statement regarding insurable risks is not correct information

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Which Statement Regarding Insurable Risks Is Not Correct. Which statement regarding insurable risks is not correct? All other statements are true. The loss must not be due to chance. A catastrophic perils b accidental loss c large number of homogenous units d the ability to set a measurable value on it.

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Loss cannot be catastrophic d. A policy obtained by a person without an insurable interest in the insured can be enforced. A catastrophic perils b accidental loss c large number of homogenous units d the ability to set a measurable value on it. B) insurable interest is established by a court of law. All of the following statements regarding a warranty is correct, except: Insurance company receives an application with some information missing.

Which statement regarding insurable risks is not correct?

Which one of the following statements pertaining to risk is not correct? The loss must be definite and measurable. Therefore, it is characteristic of both pure and speculative risks. Which of the following statements is correct? Insureds cannot be randomly selected. Which statement regarding insurable risks is not correct?

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C) pure risk involves only the chance of loss; Insurance principle states that is a policy allows for a greater compensation than the financial loss incurred, the insured may only receive benefits for the amount lost. The loss must not be due to chance. The loss exposures to be insured must be large. 1)the insurable risks needs to be statistically predictable 2) an insurable risk must involve a loss that is definite as to cause, time, place, and amount 3)insureds cannot be randomly selected 4)insurance cannot be mandatory

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A) only pure risks are insurable. A) individuals are assumed to have insurable interest in themselves. A policyowner can receive an immediate payment before the insured dies by using a(n) which of the following best describes the concept that the insured pays a small amount of premium for a large amount of risk on the part of the insurance company? A) insurance cannot be mandatory. A insurable interest exists when the applicant is the insured.

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One way insurers deal with catastrophic loss is through reinsurance b. Legal hazard the growing tendency of individuals to file lawsuits and to claim tremendous amounts of alleged damages is known as The loss must not be due to chance. Which statement regarding insurable risks is not correct? A insurable interest exists when the applicant is the insured.

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Which of these statements regarding insurance is false? The loss cannot be catastrophic. A insurable interest exists when the applicant is the insured. Therefore, it is characteristic of both pure and speculative risks. Which of te following statements regarding insurable interest is not correct?

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Which statement regarding insurable risk is not correct? (a) only pure risks are insurable (b) an insurable risk must involve loss that is within the insured�s control (c) insurers will not insure risks that are catastrophic in nature (d). Which of te following statements regarding insurable interest is not correct? Insurance company receives an application with some information missing. Therefore, it is characteristic of both pure and speculative risks.

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A policy obtained by a person without an insurable interest in the insured can be enforced. Which statement regarding insurable risks is not correct? Granting insurance must not be mandatory, selecting insureds randomly will help the insurer to have a fair proportion of good risks to poor risks. A) only pure risks are insurable. (a) only speculative risks are insurable (b) only pure risks are insurable (c) both pure risks and speculative risks are insurable (d) neither pure risks nor speculative risks are insurable

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Insurance company receives an application with some information missing. With regard to insurable risks, which of the following statements is not correct? Insured�s cannot be randomly selected which of the following produces evaluations of insurers� financial status often used by state departments of insurance? B) a stock market venture is an example of a pure risk. 1)the insurable risks needs to be statistically predictable 2) an insurable risk must involve a loss that is definite as to cause, time, place, and amount 3)insureds cannot be randomly selected 4)insurance cannot be mandatory

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1)the insurable risks needs to be statistically predictable 2) an insurable risk must involve a loss that is definite as to cause, time, place, and amount 3)insureds cannot be randomly selected 4)insurance cannot be mandatory The following statements concerning insurable interest are correct, except: Which statement regarding insurable risks is not correct? Which of the following statements does not describe an element of an insurable risk? As the number of units increases, the number of losses decreases.

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Insureds cannot be randomly selected. Legal hazard the growing tendency of individuals to file lawsuits and to claim tremendous amounts of alleged damages is known as As the number of units increases, the number of losses decreases. An insurable risk must involve a loss that is definite as to cause, time, place and amount. Which statement regarding insurable risks is not correct?

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Loss cannot be catastrophic d. Which statement regarding insurable risks is not correct? Which statement regarding insurable risks is not correct? 3 atleast 3 hours should be on ethics what is the minimum required number of continuing. With regard to insurable risks, which of the following statements is not correct?

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Legal hazard the growing tendency of individuals to file lawsuits and to claim tremendous amounts of alleged damages is known as Insureds cannot be randomly selected. Granting insurance must not be mandatory, selecting insureds randomly will help the insurer to have a fair proportion of good risks to poor risks. B) insurable interest is established by a court of law. (a) only pure risks are insurable (b) an insurable risk must involve loss that is within the insured�s control (c) insurers will not insure risks that are catastrophic in nature (d).

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A) individuals are assumed to have insurable interest in themselves. 1)the insurable risks needs to be statistically predictable 2) an insurable risk must involve a loss that is definite as to cause, time, place, and amount 3)insureds cannot be randomly selected 4)insurance cannot be mandatory A policyowner can receive an immediate payment before the insured dies by using a(n) which of the following best describes the concept that the insured pays a small amount of premium for a large amount of risk on the part of the insurance company? Insured�s cannot be randomly selected which of the following produces evaluations of insurers� financial status often used by state departments of insurance? D) insures cannot be randomly selected.

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Which of te following statements regarding insurable interest is not correct? There is never a possibility of gain or profit. Which one of the following statements pertaining to risk is not correct? Therefore, it is characteristic of both pure and speculative risks. A) only pure risks are insurable.

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Which statement regarding insurable risks is not correct? Loss cannot be catastrophic d. D) insures cannot be randomly selected. The following statements concerning insurable interest are correct, except: Which statement regarding insurable risks is not correct?

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Which of the following statements does not describe an element of an insurable risk? The following statements concerning insurable interest are correct, except: A) only pure risks are insurable. Which of te following statements regarding insurable interest is not correct? The insurable risk needs to be statistically predictable.

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The following statements concerning insurable interest are correct, except: (a) only speculative risks are insurable (b) only pure risks are insurable (c) both pure risks and speculative risks are insurable (d) neither pure risks nor speculative risks are insurable Which statement regarding insurable risks is not correct? B) insurable interest is established by a court of law. Which statement regarding insurable risks is not correct?

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Which statement regarding insurable risks is not correct? Information that is not material to a risk c. Which statement regarding insurable risks is not correct? Which of these statements regarding insurance is false? The loss cannot be catastrophic.

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Which statement regarding insurable risks is not correct? (a) only speculative risks are insurable (b) only pure risks are insurable (c) both pure risks and speculative risks are insurable (d) neither pure risks nor speculative risks are insurable Elements of an insurable risk do not include: The loss exposures to be insured must be large. The insurable risk needs to be statistically predictable.

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