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Instructions: For each of the items listed, select whether it exemplifies or characterizes an insurable...

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Finance

Instructions: For each of the items listed, select whether it exemplifies or characterizes an insurable or uninsurable risk.

1. A new product comes out on the market that makes your product obsolete.

(Click to select) Uninsurable Risk Insurable Risk

2. The loss is accidental.

(Click to select) Uninsurable Risk Insurable Risk

3. strikes or inefficient machinery

(Click to select) Uninsurable Risk Insurable Risk

4. The insurance companys risk is dispersed.

(Click to select) Uninsurable Risk Insurable Risk

5. The policy holder is the one at risk to suffer a loss.

(Click to select) Uninsurable Risk Insurable Risk

6. government restrictions on trade

(Click to select) Uninsurable Risk Insurable Risk

7. The loss is measurable.

(Click to select) Uninsurable Risk Insurable Risk

8. The chance of loss is measurable.

(Click to select) Uninsurable Risk Insurable Risk

9. losses resulting from war

(Click to select) Uninsurable Risk Insurable Risk

10. The insurance company is able to set standards for accepting the risk.

(Click to select) Uninsurable Risk Insurable Risk

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