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AINS 21 | 164 Questions and Answers 100% Solved
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AINS 21 | 164 Questions and Answers 100% Solved What is insurance? - It's a transfer system, business, and contract. What is a transfer system in insurance? - One party (the insured), transfers the risk of financial loss to another party (the insurer). [Essentially, I'm giving the risk of financial loss to someone else so that I can keep my financial standing.] What are covered losses? - These are costs that insurers pay for and are in the contract that both parties agree to in the beginning (wind damage, car accident, etc). The costs vary on what coverage one purchases.
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ains 21 164 questions and answers 100 solved
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164 questions and answers 100 solved
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