Exam (elaborations)
Virginia Property and Casualty Insurance Test | 100 Questions with 100% Correct Answers | Verified | Latest Update 2024
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What is based on the principle of Risk Transfer - Spreading the results of a financial loss among many persons, so the cost to any one person is small What kind of risk has an outcome that is uncertain? - Speculative Risk What is the reason for a claim? - A loss is the reason a claim against an ...
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