Exam (elaborations)
MICHIGAN CREDIT INSURANCE STUDY GUIDE EXAM | QUESTIONS & ANSWERS (VERIFIED) | LATEST UPDATE | GRADED A+
- Module
- Institution
Definintion of Insurance Correct Answer: "A social device for transferring risk through an accumulation of funds" Policy Correct Answer: A contract with the insurance company (insurer) that states what the policyowner (insured) must pay for and what they agree to cover if damage or loss occurs...
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