Exam (elaborations)
Arkansas Property and Casualty License Study Guide | Questions with 100% Correct Answers | Verified | Latest Update 2024
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What is Insurance? - Transfers the risk of loss from individual to insurance co. What is Risk? - Chance of loss occuring What are 3 types of Hazzards? - Physical, Moral, Morale What is a Peril? - Causes of loss insured against What does Indemnify mean? - Right for Reimbursement but only to the ...
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