Question

large number of exposure units loss must be accidental and unintentional loss must be determinable and measurable ?????? chance of loss must be calculable premium must be economically feasible above is a list of the characteristics of ideally insurable risk. what characteristic is missing? question 6 options: loss should be a fortuitous loss premiums must be high to exclude risk loss should not be catastrophic loss cannot be calculable

Answer 1

The missing characteristic in the list of ideally insurable risk characteristics is that loss should be a fortuitous loss

Step-by-step explanation:

The missing characteristic in the list of ideally insurable risk characteristics is that loss should be a fortuitous loss. A fortuitous loss is one that occurs by chance or accident, rather than being intentionally caused. This requirement ensures that the loss is unexpected and not within the control of the insured.