The risks that can be forecast and measured is termed____________
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Correct Answer: Option B
Explanation:
Insurable risks are risks whose probability and potential financial consequences can be estimated with reasonable accuracy. This allows an insurance company to assess the risk and determine an appropriate premium for providing cover.
Insurable risks are risks whose probability and potential financial consequences can be estimated with reasonable accuracy. This allows an insurance company to assess the risk and determine an appropriate premium for providing cover.