Which one of the following statements is correct with respect to characteristics of insurable loss exposures?

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Which one of the following statements is correct with respect to characteristics of insurable loss exposures?

Options

A. If the insured has control over whether or when a loss will occur, the risk is attractive to insure.
B. If losses are not fortuitous, premiums could increase for all policyholders.
C. If a loss is fortuitous, the chance of loss could increase as soon as a policy is issued.
D. Private insurance is suitable for risks where the probability and timing of loss is known.

Answer: B. If losses are not fortuitous, premiums could increase for all policyholders.

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