Building in flood zones are difficult to insure by private insurers because the ideal requirementsof an insurable risk are difficult to meet

a-Identify the ideal requirements of an insurable risk

b-Which ofthe requirements of an insurable riskare met by the flood perilSolution

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(T) AND (F)

Insurance cannot be used to deal with exposures that lack one of the elements of an insurable exposure ()

One of the most important of the elements of an insurable risk is "economically feasible insurability" ()