Which of the following statements regarding insurable risks is NOT true?

The assertion that insureds must be randomly selected is not a correct statement regarding insurable risks. Insurable risks typically require certain characteristics to ensure they can be effectively managed and covered by insurance. These characteristics include having a definite loss that can be clearly identified and measured, the potential for a financial burden large enough to necessitate insurance coverage, and the ability to assess and calculate the risk in a reliable manner.

In the realm of insurance, randomness in the selection of insured individuals is not a requirement. Insurers often evaluate and select risks based on various criteria, including individual risk factors and underwriting guidelines, rather than strictly random selection. This helps insurers to better predict potential losses and set appropriate premiums.

The other characteristics mentioned all relate directly to the nature of insurable risks: definite losses ensure clarity in claims, the financial burden aspect relates to the need for coverage to be meaningful, and measurability allows for accurate evaluation and compensation in the event of a loss. Hence, A stands out as the statement that does not align with the principles guiding insurable risks.