Exam (elaborations)
NC INSURANCE PRE-LICENSING EXAM (PROPERTY: 2 Terms and Concepts)100% Accurate
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RISK - ANSWER uncertain prospect of a financial risks SPECULATIVE RISKS - ANSWER uncertain prospect of a financial gain or loss and are uninsurable. Example: gambling PURE RISK - ANSWER chance of loss or no loss, but no gain, and are insurable RISK AVOIDANCE - ANSWER does not get involved ...
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