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Phoenix [80]
3 years ago
7

From an insurance perspective, the term "loss exposure" means:

Social Studies
1 answer:
sladkih [1.3K]3 years ago
5 0

Answer:

C. the extent to which an insurer is subject to a possible loss

Explanation:

In insurance, "loss exposure" shows the extent to which an insurer is subject to a possible loss. It denotes the possibility of loss especially financial loss. This financial loss can be as a result of loss of use, damage or financial claim against one or the business.

There are four types of loss exposures:

1. Liability loss exposures

2. Income loss exposures

3. People loss exposures

4. Property loss exposures.

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