Reasons why a peril may be considered uninsurable and therefore excluded from insurance contracts include which of the following?
I. The losses from the occurrence of the peril may be due to a predictable decline in value.
II. The losses from the occurrence of the peril may be incalculable and catastrophic.
A) I only
B) II only
C) both I and II
D) neither I nor II
ANSWER
Answer: C
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