1. Insurance in broad terms may be described as a method of sharing financial losses of few froma common fund who are equally exposed to the same loss. 2. People need insurance…

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1. 1 I N S U R A N C E 2. 2  Insurance in broad terms may beInsurance in broad terms may be described as a method of sharingdescribed as a method of sharing financial…

Slide 1 INSURANCE Insurance is a form of risk management primarily used to hedge against the risk of a contingent, uncertain loss. Insurance is defined as the equitable transfer…

Question 1 It is a legal requirement that a person should have an insurable interest in the thing or event that is insured. At what point in time is insurable interest required…

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