Which one of the following statements is correct with regard to property loss exposures? 1. Homes can
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1. Homes can be grouped into classes that face essentially the same loss potential.
2. Commercial property exposures are easier to group into classes than individual homes.
3. When insuring homes, insurers need not avoid excessive concentration of loss exposures.
4. The property loss exposures associated with residential fires are not ideally insurable.
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Related Book For
Fundamentals Of Taxation 2019
ISBN: 9781260158670
12th Edition
Authors: Ana M. Cruz Dr., Michael Deschamps, Frederick Niswander, Debra Prendergast, Dan Schisler, Jinhee Trone
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