Exam (elaborations)
Fundamentals of Insurance FINAL
- Course
- Fundamentals of Insurance
- Institution
- Liberty University
The major function of insurance is to achieve a spread of risk. Explain what is meant by spread of risk. - the major function of insurance is to share the losses of the few among the many What are the five functions of insurance? - 1. spread of risk (major function) 2. basis of credit system 3. eli...
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