Reasons why a peril may be considered uninsurable and therefore excluded from insurance contracts include which of the following?
I. The losses from the occurrence of the peril may be due to a predictable decline in value.
II. The losses from the occurrence of the peril may be incalculable and catastrophic.
A) I only
B) II only
C) both I and II
D) neither I nor II
Answer: C
Business
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Which of the following statement is true about the price component of a marketing mix?
a. It is the quickest element to change. b. It is the least important of the four Ps. c. It is the starting point of the marketing mix. d. It is decided independently of the external environment of the business.
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Which of the following is a real (permanent) account?
a. Goodwill b. Sales c. Accounts Receivable d. Both Goodwill and Accounts Receivable
Business