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Differentiate between uninsurable risks and insurable risks |
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Answer» Answer: An uninsurable RISK is a hazard or CONDITION which has a great LIKELIHOOD of loss, or which cannot be insured because it is not lawful to provide insurance for it. A risk can be insurable if: 1. The insurer can charge a sufficient amount of PREMIUM to cover the claims expenses as well as the insurer's expenses. |
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