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Home Q & A Board Other Fields Homework Help Business Insurance
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medulla medulla
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6 years ago
The Financial Definition of insurance:
A) is that insurance is a contract in which one party agrees to compensate another party for losses covered by the contract
B) is that insurance is a financial agreement that transfers the risk of insured losses to a risk pool by an insurer
C) differs from state to state
D) is that it is any pool for which the insurance mechanism works
Textbook 
Introduction to Risk Management and Insurance

Introduction to Risk Management and Insurance


Edition: 10th
Authors:
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jameeljameel
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#1
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6 years ago
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medulla Author
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6 years ago
I appreciate what you did here, answered it right Smiling Face with Open Mouth
DragonHeart
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Yesterday
Thank you, thank you, thank you!
Transonic
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2 hours ago
Helped a lot
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