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Which of the following statements is true of insurance?

Desolo

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Which of the following statements is true of insurance?

Which of the following statements is true of insurance?
A) It has to be paid after the risk has been encountered.
B) It can be obtained even if one has no insurable interest in that property.
C) It is a means of transferring and distributing the risk of loss.
D) It cannot be modified once issued.

This is for my business law class, anything will help

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Desolo Author

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