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A hazard can be best described as
A) the potential for loss
B) the tendency for poorer than average risks to seek out insurance
C) a condition that may increase the likelihood of a loss occurring
D) a risk that has the potential for both loss and gain
Answer: C) a condition that may increase the likelihood of a loss occurirng
The above question A hazard can be best described as, Was part of Insurance MCQs & Answers. I hope you got the correct answer to your question. Have a great time ahead.