_______ means those risks which involve a situation where there is a possibility of gain

April 26, 2022

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_______ means those risks which involve a situation where there is a possibility of gain

Q. _______ means those risks which involve a situation where there is a possibility of gain.

A. Personal risk.

B. Speculative risk.

C. Liability risk.

D. Other risk.

Answer: Speculative risk

_______ means those risks which involve a situation where there is a possibility of gain

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__________ is a contract between the insurer and the insured under which the insurer undertakes to compensate the insured for the loss arising from the risk

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