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AINS 21 Segment A | 124 Questions with 100 % correct answers | Verified& Updated 2024 Graded A+
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4 roles of insurance - 1. risk management technique 2. transfer system 3. business 4. contract loss exposure - any condition or situation that presents a possibility of loss, whether or not actual loss occurs risk management - making and implementing decisions that will minimize the adverse effects of accidental losses on an organization -avoid, prevent, reduce -from RM standpoint, insurance is used to transfer cost of losses loss prevention - reduces frequency of loss -ex. wearing safety goggles/helmets loss reduction - reduces severity of loss -ex. fire extinguishers or sprinklers in building
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AINS 21
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AINS 21
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ains 21 segment a 124 questions
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