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Options
- A
The loss must be accidental and uncertain
- B
The risk does not involve any prospect of gain
- C
The loss incurred should be definite and quantifiable
-
All the options given
Correct answer
Why this is the answer
For a risk to be insurable, it must be accidental and uncertain, not involve any gain, and the loss should be definite and quantifiable, forming the essential conditions for insurability.
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