passwella.
Menu

JAMB Commerce 2008 Question 40

Question 40

Insurance

An example of a non-insurable risk is

  1. A.burglary
  2. B.speculation
  3. C.fire
  4. D.accident.
Show the answer and explanation

Answer: B (speculation)

Explanation

Losses from speculation (e.g. a fall in prices) cannot be calculated or pooled, so they are not insurable.