Q81
Which of the following statements are correct?i. In order to be insurable, a risk must be capable of statistical estimation.ii. In insurance, only economic or financial losses can be compensated.
A.
Statement i is correct
B.
Statement ii is correct
C.
Both statements i and ii are correct
AnswerD.
None of the three
Answer: Option C
Solution
Answer: Option C
Solution:
Both the statements are correct: In order to be insurable, a risk must be capable of statistical estimation and In insurance, only economic or financial losses can be compensated.