Exam (elaborations)
Fundamentals of Insurance: Level 1. exam 2023 with 100% correct answers
- Course
- Institution
Probably the best way to define risk is to say, "Risk is the chance of financial loss as a result of loss or damage to the object of insurance or some other happening." - correct answerTrue. Pure Risk: Provides only the potential for financial loss with no chance of gain or profit. Insurance is ...
[Show more]