Exam (elaborations)
Life and Health Insurance Exam Webce| 180 questions| with complete solutions
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Risk CORRECT ANSWERS: Chance of loss Loss CORRECT ANSWERS: Unplanned reduction of economic value Peril CORRECT ANSWERS: cause of loss Hazard CORRECT ANSWERS: a condition that increases the chance of peril Risk Transfer CORRECT ANSWERS: buying insurance to shift the risk to insuranc...
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