Question

All but one of the following features characterizes desirable aspects of insurance arrangements.

The chance of loss should be measurable.
The losses should be accidental from the viewpoint of the person who is injured.
The number of insured should be large, and they should be independently exposed to the potential loss.
The insurer should be guaranteed positive economic profits.

Answer 1

The answer is: The insurer should be guaranteed positive economic profits.

Step-by-step explanation:

The insurer (or insurance company) like any other company in the world, is not 100% sure they will make a profit from a business transaction.

For example, a person that takes a life insurance policy for $1 million might die due to an accident, and the insurance company will lose money with that specific client.