Exam (elaborations)
CAIB 1-Chapter 1 Questions + Answers Rated 100% Correct!!
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RISK - Chance of financial loss to which an object of insurance is exposed SPECULATIVE RISK - the chance of financial loss or gain PURE RISK - the chance of financial loss but no chance of financial gain INSURANCE - the undertaking by one person to indemnify another person against loss or liabil...
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