Which of the following types of loss exposures may be appropriately handled through the purchase of insurance?

Insurance

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Which of the following types of loss exposures may be appropriately handled through the purchase of insurance?

I. High-frequency, low-severity loss exposures

II. Low-frequency, high-severity loss exposures

A) I only

B) II only

C) both I and II

D) neither I nor II

Answer: B) II only

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