Which of the following defines a risk?
Risk is the chance or probability that a person will be harmed or experience an adverse health effect if exposed to a hazard. It may also apply to situations with property or equipment loss, or harmful effects on the environment.
Which of the following is not considered to be an insurable risk?
Which one of these is NOT considered to be an element of an insurable risk? Speculative risks (chance of both a loss and gain) are not insurable.
What is the basic definition of a risk quizlet?
Historically, risk is defined as uncertainty concerning the occurrence of a loss.
Which of the following defines risk quizlet?
Risk is the uncertainty regarding the occurrence of financial loss. A peril is the actual cause of a loss and is specifically identified in the policy.
Which of the following is NOT considered a definition of risk? Options . A) The potential for loss B) The cause of a loss C) Exposure to danger D) Uncertainty. Answer: B) The cause of a loss. The above question Which of the following is NOT considered a definition of risk?, Was part of Insurance MCQs & Answers. I hope you got the correct answer to your question. Have a great time ahead.
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