Statement i is correct
Statement ii is correct
Both statements i and ii are correct
None of the three
✅ The correct answer is C.
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.
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.