Which one of the following statements pertaining to risk is NOT correct?

A) Only pure risks are insurable.

B) A stock market venture is an example of a pure risk.

C) Pure risk involves only the chance of loss; there is never a possibility of gain or profit.

D) Uncertainty regarding financial loss is the definition of risk; therefore, it is characteristic of both pure and speculative risks.

Answer: B

Principles of insurance

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In an insurance contract, the applicant's "consideration" is the
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How many pair of glasses in a 12-month period will a vision expense insurance plan cover?
The voluntary relinquishment of a legal right is called
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The pro rata liability clause is designed to protect the principle of
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