Exam (elaborations)
Primerica - Life Insurance Exam with Complete Solutions
- Course
- Institution
What is insurance? - ANSWER-Transfer of the possibility of loss (risk) to an insurance company. What is a risk? - ANSWER-The uncertainty of financial loss There are two types of loss - ANSWER-Pure and Speculative Which type of loss is insurable? - ANSWER-Pure Why is Pure loss insurable?...
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