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Property and Casualty Exam Questions Containing 136 terms with Verified Answers . Terms like: the one basic characteristic of any type of insurance is that the insured is returned to the same status that existed prior to the loss, but without a c
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Property and Casualty Exam Questions Containing 136 terms with Verified Answers . Terms like: the one basic characteristic of any type of insurance is that the insured is returned to the same status that existed prior to the loss, but without a chance for gain or profit - Answer: true
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