Question: Question 5 A. Insurance is a useful devise for managing risks. However, all risks cannot be insured. What are the Four conditions that must be

Question 5 A. Insurance is a useful devise for managing risks.

Question 5 A. Insurance is a useful devise for managing risks. However, all risks cannot be insured. What are the Four conditions that must be satisfied for a risk to be insurable? (10 marks)

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