Exam (elaborations)
Fundamentals of Insurance FINAL Study Guide | 300 Questions with 100% Correct Answers | Updated & Verified | 47 Pages
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The major function of insurance is to achieve a spread of risk. Explain what is meant by spread of risk. - the major function of insurance is to share the losses of the few among the many What are the five functions of insurance? - 1. spread of risk (major function) 2. basis of credit system 3....
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