Exam (elaborations)
NC PROPERTY AND CASUALTY STATE EXAM WITH 100% CORRECT ANSWERS
- Course
- Institution
Insurance - a plan of spreading the risk of possible loss over a large number of people (Law of Large Numbers) - protects against the risk (uncertainty) of when a financial loss might occur Speculative Risk - when there is a chance of gain as well as a chance of loss (ex: buying a stock, ...
[Show more]