Exam (elaborations)
AINS 21 | 164 Question with 100 % correct answers | Verified
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What is insurance? - It's a transfer system, business, and contract. What is a transfer system in insurance? - One party (the insured), transfers the risk of financial loss to another party (the insurer). [Essentially, I'm giving the risk of financial loss to someone else so that I can keep my f...
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