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Business
Management
An insurer may reject a risk for any number of reasons. Which one (1) of the following is NOT usually a reason for rejection? The risk may be so much more hazardous than the average that it has the potential for almost certain loss. The broker submitting the risk does not have an office in the municipality where the risk is situated. The insurer may not insure that class of business. The risk, though sub-standard, could be improved and made acceptable but the applicant refuses to do so.

An insurer may reject a risk for any number of reasons. Which one (1) of the following is NOT usually a reason for rejection? The risk may be so much more hazardous than the average that it has the potential for almost certain loss. The broker submitting the risk does not have an office in the municipality where the risk is situated. The insurer may not insure that class of business. The risk, though sub-standard, could be improved and made acceptable but the applicant refuses to do so.

Understanding Business
Understanding Business
12th Edition
ISBN:9781259929434
Author:William Nickels
Publisher:William Nickels
Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment
Section: Chapter Questions
Problem 1CE
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An insurer may reject a risk for any number of reasons. Which one (1) of the following is NOT usually a reason for rejection? The risk may be so much more hazardous than the average that it has the potential for almost certain loss. The broker submitting the risk does not have an office in the municipality where the risk is situated. The insurer may not insure that class of business. The risk, though sub-standard, could be improved and made acceptable but the applicant refuses to do so.
Transcribed Image Text:An insurer may reject a risk for any number of reasons. Which one (1) of the following is NOT usually a reason for rejection? The risk may be so much more hazardous than the average that it has the potential for almost certain loss. The broker submitting the risk does not have an office in the municipality where the risk is situated. The insurer may not insure that class of business. The risk, though sub-standard, could be improved and made acceptable but the applicant refuses to do so.
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