From the viewpoint of an insurer, the prerequisites of an ideally insurable risk include all the following except:
A) the loss must be capable of being determined and measured
B) there must be a large, homogeneous group of exposure units
C) the loss should not be subject to catastrophic hazard
D) the peril should be such that the probability of loss is high
D
Business
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What will be an ideal response?
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________ refers to a rule issued by an administrative agency that has the force of law and to which covered persons and businesses must adhere
A) Interpretive rule B) Rule of Law C) Substantive rule D) Operational code
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