Which of the following would be considered a speculative risk? - The possibility the painting you bought might be a long-lost masterpiece



A speculative risk is one in which there is a chance for either loss or gain. Example: Gambling, Casino's, Lottery, etc. All of the other choices describe pure risk, where there is no chance of gain, only a chance of loss exists.



Which is the proper term for a company owned by its policy owners? - A mutual insurance company



A producer who is acting a...
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