Exam (elaborations)
C11 Principles and Practice of Insurance Exam | Questions & 100% Correct Answers (Verified) | Latest Update | Grade A+
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insurance : A contract which one party the insurer, for monetary consideration agrees to reimburse another, the insured, for loss or liability for a loss on a defined subject caused by specific hazards or perils. risk : The chance of loss. Specifically, the possible loss or destruction of pr...
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