Exam (elaborations)
HS 311 Fundamentals of Insurance Planning 2024
- Course
- Institution
HS 311 Fundamentals of Insurance Planning 2024 What is the definition of "risk"? - answer-the possibility of loss. Types of hazards? - answer-Physical, attitudinal (carelessness), and moral. How do insurance companies measure probabilities? - answer-By observing large numbers (mass) of similar...
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