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Ribo - chapter 1 Latest Update with Certified Solutions

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Ribo - chapter 1 Latest Update with Certified Solutions Insurance The undertaking by one person to imdemnify another person against loss or liability for loss in respect of a certain risk or peril to which the object of insurance may be exposed... or to pay a sum of money or other thing of value upon thr happening of a certain event. 5 functions of insurance 1. Spread of risk. 2. Basis of credit system. 3. Eliminates worry - encourages entrepreneurship. 4. Loss prevention and loss reduction. 5. Source of employment and investment capital. Analysis of insurance reveals: 1. Insurance provides a

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Uploaded on
October 29, 2023
Number of pages
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Written in
2023/2024
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Exam (elaborations)
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Questions & answers

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  • ribo chapter 1 latest update with certified solu
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