Exam (elaborations)
Fundamentals of Insurance Self Exam Questions with 100% Correct Answers | Verified | Latest Update 2024
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1. Main purpose of Insurance ANS Allow the spread of risk 2. Definition of Insurance ANS -Payment's made only when a certain peril has dam- aged the insured object -Payment's limited to actual amount of loss, no more and no less -There's no payment for losses that are deliberately caused by an...
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