640. 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.

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.

Leave a Comment

Your email address will not be published. Required fields are marked *

Scroll to Top