Exam (elaborations)
Louisiana Life, Health, and Accident Insurance Licensing Exam | 219 Questions with 100 % correct Answers | Verified
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Insurance - the transfer of Pure risk to the insurance company in consideration for a premium must be pure risk and calculable. Pure Risk - the chance of loss without any chance of gain; insurable Speculative Risk - possibility for gain or loss; not insurable Risk - Chance of loss Exposure - a...
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