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RMIN Test 1 pt 2 Questions with 100% Correct Answers | Latest Version 2024 | Expert Verified | Ace the Test
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All of the following are characteristics of insurance EXCEPT A) risk avoidance. B) pooling of losses. C) payment of fortuitous losses. D) indemnification. A) risk avoidance. Which of the following is implied by the pooling of losses? A) sharing of losses by an entire group B) inability to pr...
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