Exam (elaborations)
Utah Health Insurance UPDATED Exam Questions And Correct Answers
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InsuranceTransfer of risk. Types of riskPure and Speculative Pure RiskA chance of loss or no loss, but no chance of gain. The ONLY type of insurable risk. Speculative RiskChance of loss or gain. CANNOT be insured. (Example: Buying stock in the stock market) Types of HazardsPhysical, Moral a...
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