Exam (elaborations)
WebCE Property & Casualty Prep Exam Questions With Correct Answers Already Passed!!
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Risk - Chance of loss 5 Risk or Loss Factors - 1. Risk 2. Loss 3. Exposure 4. Peril 5. Hazard Insurance allows: - Individual or group to transfer over to insurance company the risk of financial loss from a destructive event Fundamental purpose of insurance is: - To indemnify policyholder agains...
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