Answered: Insurers in California are required to…

Insurers in California are required to offer ________ coverage to consumers due to the substantial risk factors in that state. A) renters B) liability C) inflation D) earthquake E) bankruptcy

Administration Of Wills/Trusts/ And Estates

5th Edition

ISBN:9781285281308

Author:Brown

Publisher:Brown

Chapter9: Specialized Trusts

Section: Chapter Questions

Problem 2SYPS

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Concept explainers

Classification Of Risk

Risk means when there could be a possibility that the returns expected from a particular project or investment may or may not match the investor's expectations. In other words, the uncertainty of an income arising from a source that would either be lower than expected or result in losses in risk exposure of the project. The higher the risk involved, the higher is the return expected by the investor as the investor is exposed to a high level of risk. There are various methods by which different types of risk can be assessed and avoided or mitigated.

Question

Insurers in California are required to offer ________ coverage to consumers due to the substantial risk factors in that state.

A) renters

B) liability

C) inflation

D) earthquake

E) bankruptcy

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