Which of the following is an example of insurable risk?

Which of the following is an example of insurable risk?
  • A.
    Change in consumer’s taste
  • B.
    The probability of a third world war
  • C.
    Flood resulting from excessive rain in a year
  • D.
    The death of a business partner
  • E.
    Loss due to change in fashion
Correct Answer: Option D
Explanation
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