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because the speculative (dynamic) Risk is a situation in which either profit (gain) or loss is possible.
Wiki User
∙ 12y ago
Wiki User
∙ 10y agoI have no idea what you are asking with this question. Please make it into a complete sentence.
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Are all risks are insurable?
yes, it is
Why is the distinction between insurable and uninsurable risks significant for the theory of profit?
why is the distinction between insurable and uninsurable risks is significant for the theory of profit
What are the three major types of insurable risks?
heads class
What is insurable loss?
insurable loss
Distinctions between insurable and uninsurable risks?
If I understand your question correctly, each insurance company has a list of unacceptable vehicles and unacceptable drivers. These lists are different for each carrier.
What do you understand by the term risk assessment?
Defining the exposure to risk a company, individual, family or other group faces. This would include insurable and uninsurable risks, and would include the degree of risk and possible contributing factors.Answer:To have a careful inspection on the various factors that can bring risks.
Are pure risks always insurable?
Pure RisksPure risks, or those that have the possibility of loss or no loss, but no possibility of gain, are insurable, but there are criteria that must be met before they will be insured. So, no, they are not ALWAYS insurable. For example, a person who has been diagnosed with terminal cancer who attempts to acquire insurance will generally be refused. Though it is a pure risk because the person will either live (no loss) or die (loss), factors that determine eligibility for insurance are not met for that person. Likewise, a homeowner who has had previous fires in their homes may not be able to find insurance because they are considered too great a risk to insure, even though there will either be no fires (no loss) or there will be (loss) at their current home.There is another type of risk that is not insurable. Speculative risk, or risk with a possibility of gain, is that type of risk.
Where would you get liability insurance to take animals into schools?
Assuming that this activity is allowed and is insurable, it is most likely that coverage could be obtained through the surplus lines market. This is something of a secondary market for insurance for those types of risks that are not readily insurable through customary means. An exampe of where such insurance might be had is through an underwriting syndicate of Lloyds of London.
Insurable interest is a legal right to insurer discurse?
insurable intrest is a legal right to insurer? discurse.
What is difference between marketable title and insurable title?
What is difference between marketable title and insurable title?
Will you be insurable if you are on Dyalasys?
Probably not.
With a life insurance policy when must an insurable interest exist?
An insurable interest must exist at the inception (beginning) of the policy.
