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FLORIDA 2 DASH 15 EXAM WELL ELABORATED QUESTIONS AND ANSWERS GRADED A+
FLORIDA 2 DASH 15 EXAM WELL ELABORATED QUESTIONS AND ANSWERS GRADED A+ 
 
 
 
In the insurance business, risk can best be defined as: 
 
A. sharing the possibility of a loss 
B. uncertainty regarding the future 
C. uncertainty regarding financial loss 
D. uncertainty regarding when death will occur - ANSWER - C. The concept of insurance developed from the need to minimize the adverse effects of risk associated with the probability of financial loss. 
 
Which of the following risks is insurable? ...
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FLORIDA 2 DASH 15 EXAM WELL ELABORATED QUESTIONS AND ANSWERS GRADED A+ 
 
 
 
In the insurance business, risk can best be defined as: 
 
A. sharing the possibility of a loss 
B. uncertainty regarding the future 
C. uncertainty regarding financial loss 
D. uncertainty regarding when death will occur - ANSWER - C. The concept of insurance developed from the need to minimize the adverse effects of risk associated with the probability of financial loss. 
 
Which of the following risks is insurable? ...