Exam (elaborations)
MN Life & Health Insurance | 422 Questions And Answers Already Passed!!
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Insurance - Transfer of risk to the Insurer Speculative Risk - Risk that can have either gains or losses Pure Risk - Risk that can only see losses Loss - Reduction in the value of something Exposure - Risks the Insurance company is exposed to Peril - Cause of loss Hazard - Anything that incre...
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