California Insurance License Exam Practice Test Practice Question
All of the occurrences listed below are examples of an insurable event as defined by the California Insurance Code EXCEPT
Correct Answer: B
Rationale: Option B represents a situation that does not qualify as an insurable event under the California Insurance Code. Financial losses from gambling, such as those incurred in the state lottery, are considered speculative risks and are generally not insurable.
In contrast, options A, C, and D involve identifiable risks that can lead to financial loss due to unforeseen events. A guest's injury (A) could lead to liability claims, unintentional slander (C) may result in legal expenses, and hospitalization for childbirth (D) typically incurs medical costs, all of which can be covered by insurance policies.
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