SOLVED: How is the term "risk" used in the insurance industry? I. The hazard insured ...

How is the term "risk" used in the insurance industry? I. The hazard insured against. II. The financial loss insured against. III. The chance of loss assumed by the insurer.

II and III only

I, II, and III

I and II only

I and III only

Verified Answer

Correct Option - b

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