WAEC Commerce 2019 Objective — Question 28
Question 28 of 50 from the West African Examinations Council (WAEC) Commerce 2019 Objective paper, with the correct answer and a full explanation.
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In insurance, risks that have no statistics for their calculation are
- A. insurable risks
- B. certain risks
- C. uninsurable risksCorrect
- D. uncertain risks
Explanation
Uninsurable risks are risks for which the actuary cannot determine the probability of occurrence.
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