Reasons why a peril may be considered uninsurable and therefore excluded from insurance contracts include which of the following?

I. The losses from the occurrence of the peril may be due to a predictable decline in value.
II. The losses from the occurrence of the peril may be incalculable and catastrophic.
A) I only
B) II only
C) both I and II
D) neither I nor II


Answer: C

Business

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Indicate whether the statement is true or false

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