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Which of the characteristics of an ideally insurable risk

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Reference no: EM132995936

Problem 1: The risk of unemployment does not meet which of the following characteristics of an ideally insurable risk?

A. Large number of exposure units
B. Determinable and measurable loss
C. No catastrophic loss
D. None of the above - the risk of unemployment does not meet any of the above characteristics of an ideally insurable risk

Problem 2: From the insured's perspective, the purchase of insurance is an example of

A. avoidance
B. risk transfer
C. loss reduction
D. diversification

Reference no: EM132995936

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