Otl c81 study 1 6 - Study guides, Class notes & Summaries
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OTL C81 STUDY 1-6 EXAM Q&A RATED A
- Exam (elaborations) • 14 pages • 2023
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OTL C81 STUDY 1-6 EXAM Q&A RATED AOTL C81 STUDY 1-6 EXAM Q&A RATED AOTL C81 STUDY 1-6 EXAM Q&A RATED AOTL C81 STUDY 1-6 EXAM Q&A RATED AOTL C81 STUDY 1-6 EXAM Q&A RATED AOTL C81 STUDY 1-6 EXAM Q&A RATED AOTL C81 STUDY 1-6 EXAM Q&A RATED A
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OTL C81 STUDY 1 - STUDY 6 QUESTIONS AND ANSWERS, GRADED A+/ VERIFIED/
- Exam (elaborations) • 19 pages • 2024
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OTL C81 STUDY 1 - STUDY 6 QUESTIONS AND ANSWERS, 
GRADED A+/ VERIFIED/ 
What type of risk is insurable? What type of risk is non-insurable? - Pure risk is insurable as there is 
no chance to profit 
Speculative risk has the chance or earnings, and therefore cannot be insured 
What is the main reason we have insurance? - The world is filled with risk - insurance is based on 
the existence of risk. 
Risk is the chance of a loss - very little in life is certain. 
What are the three types of insur...
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