Q88
Cost of the risk would _________ with the probability and amount of loss
A.
Increase
AnswerB.
Decrease
C.
Vary
D.
None of the above
Answer: Option A
Solution
Answer: Option A
Solution:
Cost of the risk would increase with the probability and amount of loss. Hazard is a condition that increases the chances of a loss arising from a peril. For example, an accident may be the cause of a permanent and total disability.