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Which of the following is an example of insurable risk?

Commerce
WAEC 1998

Which of the following is an example of insurable risk?
  • A. Change in consumer's taste
  • B. The probability of a third world war
  • C. Flood resulting from excessive rain in a year
  • D. The death of a business partner
  • E. Loss due to change in fashion
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Correct Answer: Option D
Explanation
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