Ribo insurance basics - Study guides, Class notes & Summaries
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RIBO INSURANCE Basics TOP PRACTICE QUESTIONS & ANSWERS 2024 (UPDATE)
- Exam (elaborations) • 3 pages • 2024
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Insurance - Protection against unforeseen events that cause covered loss
Risk - Potential for loss or damage
Insurer - Company that provides insurance coverage
Insured - Person or entity with insurance protection under a policy
Insurance Contract - Legal agreement between insured and insurer for payment in case of
loss
Representation - Statement made by applicant on insurance application
Exam (elaborations)
RIBO INSURANCE Basics TOP PRACTICE QUESTIONS & ANSWERS 2024 (UPDATE)
Last document update:
ago
Insurance - Protection against unforeseen events that cause covered loss Risk - Potential for loss or damage Insurer - Company that provides insurance coverage Insured - Person or entity with insurance protection under a policy Insurance Contract - Legal agreement between insured and insurer for payment in case of loss Representation - Statement made by applicant on insurance application
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