Adhering to the characteristics of an ideally insurable loss exposure in selling insurance help assure that

Insurance

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Adhering to the characteristics of an ideally insurable loss exposure in selling insurance help assure that

Options

A. The insurer is able to charge a premium that the insured can afford to pay.
B. The losses associated with it typically involve small amounts.
C. The insurer can charge a high premium for the coverage.
D. The insurer is able to predict the amount and timing of each future loss.

Answer: A. Adhering to the characteristics of an ideally insurable loss exposure in selling insurance help assure that the insurer is able to charge a premium that the insured can afford to pay.

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