Exam (elaborations)
Fundamentals of Insurance BC | 50 Questions with 100% Correct Answers | Verified | Latest Update 2024
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What is the major function of insurance? - to allow the spread of risk What are the five important functions of insurance? - 1) insurance is the shifting of financial responsibility for a loss 2) payment will be made only in the event of an insured risk 3) the amount of payment is restricted t...
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