Identify the ideal requirements of an insurable risk

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Assignment - Insurable Risks Discussion Questions

1. Assume that the chance of loss is 3 percent for two different fleets of trucks. Explain how it is possible that objective risk for both fleets can be different even though the chance of loss is identical.

2. Buildings in flood zones are difficult to insure by private insurers because the ideal requirements of an insurable risk are difficult to meet. Identify the ideal requirements of an insurable risk.

Reference no: EM133220705

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