Exam (elaborations)
C11: Principles and Practice of Insurance Exam | Questions & 100% Correct Answers (Verified) | Latest Update | Grade A+
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Pure risk : Type of risk that can be insured Speculative risk : Risk example: Antoine's new barber shop Peril : Event leading to a loss Proximate cause of loss : Immediate cause of loss, e.g., malfunction leading to damage Earnings : Profit: revenue minus expenses Cost of risk 2 | P a g ...
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