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Insurance Assignment

πŸ“… December 23, 2023 ✍️ Write Paper ⏱ 1 min read

51. The physical damage deductible on auto collision insurance is an example of

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A. risk transfer B. loss control c. retention D. all the above E.A and C only

52. Losses sustained by a small number of insureds are shared by a large number of insureds. This is a short definition of:

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A. risk transfer B. pure risk C. pooling D. speculative risk.

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