Exam (elaborations)
NC PROPERTY AND CASUALTY STATE EXAM QUESTIONS AND ANSWERS WITH SOLUTIONS 2025
- Course
- Institution
Insurance - ANSWER - 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 - ANSWER - when there is a chance of gain as well as a chance of loss (ex: buyi...
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