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WAEC Commerce 2019 Question 19

Question 19

Insurance

A risk whose probability of occurrence is impossible to estimate is

  1. A.uninsurable risk.
  2. B.pure risk.
  3. C.particular risk.
  4. D.insurable risk.
Show the answer and explanation

Answer: A (uninsurable risk.)

Explanation

Insurers can only cover risks they can calculate; a risk whose chance cannot be estimated is uninsurable.