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Which of the following is NOT considered to be a definition of the term “loss”?
Options
A) Probability that an event will occur
B) An insurable event that takes place which results in a payment made by the insurance company
C) Unintentional decrease in the value of an asset due to a peril
D) The amount an insurance company must pay because of an insurable event
Answer: A) Probability that an event will occur
The above question Which of the following is NOT considered to be a definition of the term “loss”?, Was part of Insurance MCQs & Answers. I hope you got the correct answer to your question. Have a great time ahead.
