Exam (elaborations)
CIP C16 - CH01 - The Insurance Industry in Canada Exam | Questions & 100% Correct Answers (Verified) | Latest Update | Grade A+
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List the 2 fundamental principles of insurance? : - premiums of the many used to pay losses of few - premium shall be commensurate with the risk Why would an insurer spread risks over divers geographical areas? : - soften the burden of localized disasters on insurers What is a risk pool? : - ...
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