State RegulationsCA specific✓ Verified · outline & fact-checked · Sep 2026Difficulty 2/5
Under California Insurance Code Section 250, 'insurable events' are events:
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Answer & full 3-part explanation (select an option above, or peek)
Why A is correct
Section 250 defines insurable events as those whose occurrence is uncertain and beyond the control of the insured — death, sickness, accident, and similar fortuitous events. This mirrors the insurance definition in Section 22: the event must be contingent or unknown. Events within the insured's control are not insurable because they cannot be treated as random for the purposes of pooling and pricing.
Why the other options are wrong
- B) An event certain to occur on a schedule, like a known obligation, carries no uncertainty and cannot be an insurable event.
- C) An event the insured can trigger at will is not fortuitous; intentional creation of loss is excluded from coverage.
- D) Insurable events concern losses of the insured or covered property, not the insurer's internal operations.
Memory hook
Section 250: uncertain + beyond control. If you can flip the switch yourself, it is not insurable.