Exam (elaborations)
Fundamentals of Insurance - Practice Exam Questions with 100% Correct Answers | Verified | Latest Update 2024
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1. Chapter 1 - Intro: 2. List the 5 functions of insurance:: 1) Spread of risk 2) Basis of credit system 3) Eliminate worry and develop entrepreneurship 4) Loss reduction and prevention (road safety, alarms, etc.) 5) Employment opportunity 3. Definition of insurance (3 parts): 1) insurance pr...
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