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HS 311 Fundamentals of Insurance Planning exam study guide |Questions with 100% Correct Answers | Verified | Latest Update 2024 Graded A+
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What is the definition of "risk"? the possibility of loss. Types of hazards? Physical, attitudinal (carelessness), and moral. How do insurance companies measure probabilities? By observing large numbers (mass) of similar (homogeneous) exposures in the statistical group from which they make their...
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