Pls help ASAP An insurer may reject a risk for any number of reasons. Whichone (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 potentialfor almost certain loss.The broker submitting the risk does not have an office in the municipality where therisk is situated.The insurer may not insure that class of business.The risk, though sub-standard, could be improved and made acceptable but theapplicant refuses to do so.

It's important to note that insurance companies make these decisions based on their own risk…

Answered: An insurer may reject a risk for any…

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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