passwella.
Menu

WAEC Commerce 1992 Question 64

Question 64

Insurance

Which of the following is a non-insurable risk?

  1. A.Loss from fire accident
  2. B.Loss from accident and sickness
  3. C.Fidelity guarantee
  4. D.Burglary
  5. E.Loss from staking in lotteries
Show the answer and explanation

Answer: E (Loss from staking in lotteries)

Explanation

Gambling losses are chosen speculative risks and cannot be insured.