Exam (elaborations)
General Lines Property and Casualty Insurance exam
- Course
- Institution
Basic Terms and Concepts (BTC): Insurance - The transfer of risk through a legal contract - From insured (customer) - 1st party. -to insurer (insurance company) 2nd party Based upon principle of indemnity - to restore to pre-loss condition, no better, no worse (BTC) Property Insurance - Covers...
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