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ACME Insurance Company writes coverage for most perils which can damage property. ACME does not write flood insurance on property located in flood plains. Which
ACME Insurance Company writes coverage for most perils which can damage property. ACME does not write flood insurance on property located in flood plains. Which requirement of an ideally insurable risk might be violated if ACME wrote flood insurance on property located in flood plains?
the losses must be determinable and measurable
the loss should not be catastrophic
there must be a large number of similar exposure units
the chance of loss must be calculable
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