One of the characteristics of an insurable risk is that a risk needs to be determinable and measurable. Explain what it means.

Intermediate Financial Management (MindTap Course List)
13th Edition
ISBN:9781337395083
Author:Eugene F. Brigham, Phillip R. Daves
Publisher:Eugene F. Brigham, Phillip R. Daves
Chapter24: Enterprise Risk Management
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One of the characteristics of an insurable risk is that a risk needs to be determinable and measurable. Explain what it means.

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