Question: Loss severity is the: Probability that a liability judgment may exceed an individuals net worth. Probable size of a loss that may occur. Probable number

  1. Loss severity is the:

    1. Probability that a liability judgment may exceed an individuals net worth.

    2. Probable size of a loss that may occur.

    3. Probable number of losses that may occur.

    4. Probability that a particular property could be totally lost.

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