Exam (elaborations)
Insurance webce | 117 questions with 100 % correct answers | verified | latest updates
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risk - Chance of loss Pure risk - If it's pure you can insure Speculative riak - Loss or gain peril - The cause of loss Life insurance peril - Death Health insurance peril - Illness, accidental injury, disability hazard - Increases chance of peril Risk Transfer - shifting risk to another par...
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