Exam (elaborations)
Fundamentals to Insurance Chapter 1 Intro Questions & Answers(GRADED A+)
- Course
- Institution
List the 5 functions of insurance: - ANSWER-1) Spread of risk 2) Basis of credit system 3) Eliminate worry and develop entrepreneurship 4) Loss reduction and prevention (road safety, alarms, etc.) 5) Employment opportunity Definition of insurance (3 parts) - ANSWER-1) insurance provides a me...
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