Exam (elaborations)
C11 - Principles and Practices of Insurance Chapter 11 & 12 Exam | Questions & 100% Correct Answers (Verified) | Latest Update | Grade A+
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Two types of losses insurers face : -First party. -Third party. Who is responsible for proving the amount of loss? : it is the insured's responsibility, but if the insurer thinks the amount is out of line then they must prove it. Who reports a loss and to whom do they report it? : A loss ma...
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