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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 Legal 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) originally comes from tort law
Textbook 
Introduction to Risk Management and Insurance

Introduction to Risk Management and Insurance


Edition: 10th
Authors:
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nationalnational
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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
Smart ... Thanks!
dedricgard
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Yesterday
Just got PERFECT on my quiz
jcarter
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2 hours ago
Helped a lot
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