Exam (elaborations)
Property and Casualty Insurance Exam Correct Questions & Answers
- Course
- Institution
Insurance - ANSWERTransfer of risk form a person or business to an insurer Loss - ANSWERuncertainty/possibility of a loss Speculative vs pure risk - ANSWERSpeculative - chance of loss or gain Pure - only chance of loss Exposure - ANSWERrisks for which the insurance company would be liable...
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