Exam (elaborations)
Life and Health Insurance Exam WEBCE with Complete Solutions!
- Course
- Institution
Risk - ANSWER-Chance of loss Loss - ANSWER-Unplanned reduction of economic value Peril - ANSWER-cause of loss Hazard - ANSWER-a condition that increases the chance of peril Risk Transfer - ANSWER-buying insurance to shift the risk to insurance company Underwriting - ANSWER-assessing ...
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