underwriting loss exposures

[jy006m]

In the quiz questions on underwriting in chapter 9, often times a question comes up regarding whether a certain risk is desirable or not. Seems kinda subjective, or at least hard to quantify. How are we supposed to know if a risk is undesirable vs highly undesirable?

[jesusislord]

lol, i was thinking the same thing. i guess they would have the make the question so obvious that it is either highly desirable, or highly undesirable

[Vorian Atreides]

Is it insurable?

For some reason, I want to invoke FLAPID for the question posed.



(Search old Exam 5 forum for "FLAPID" since I don't recall all of the elements of an insurable risk right off.)