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4 Cards in this Set
- Front
- Back
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What is Insurance |
The Transfer of Risk of loss from a Person or Business to an Insurance Company |
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What is a Risk? |
The Uncertainty or chance of loss Occuring |
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What is a Peril? |
The causes of loss insured against an Insurance Policy |
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What are the 3 types of Hazards |
Physical, Moral, Morale |
