Question: ( a ) Not all risks are insurable. Justify the validity of this statement by explaining any two conditions that should be met for risk

(a) Not all risks are insurable. Justify the validity of this statement by explaining any two conditions that
should be met for risk to be insurable. (4)
(b) For an actuary to come up with a premium payable for a life insurance policy, he should consider three
important factors. Identify and explain the factors that should be considered by the actuary. (6)

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