Exam (elaborations)
Life & Health Insurance Exam Study Questions and Answers Top Graded 2024
- Course
- Institution
Insurance - transfer of risk Speculative risk - has a possibility of both loss and gain Pure risk - only has a possibility of loss (no gain) Exposure - risks for which an insurance company would be liable expressed in units Peril - cause of a loss Hazard - an increase in the chanc...
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