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Exam (elaborations)

RIBO Definitions 123 Questions with 100% Correct Answers | Verified | Latest Update
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14

January 2024

2023/2024

A+
INSURANCE - ️️The undertaking by one person to indemnify another person against loss or liability for loss in respect of a certain risk or peril to which the object of the insurance may be exposed, or to pay a sum of money or other thing of value upon the happening of a certain event OR Sharing of the losses of a few people among the many who pay premiums SPECULATIVE RISK - ️️A chance of loss but there is also a chance of profit, and because of the chance of profit these are uninsurab...
jacklineshee00
$8.49 More Info

Exam (elaborations)

RIBO Definitions (All Accurate 100%)
Available in bundle

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9

October 2023

2023/2024

A+
Available in bundle
INSURANCE correct answers The undertaking by one person to indemnify another person against loss or liability for loss in respect of a certain risk or peril to which the object of the insurance may be exposed, or to pay a sum of money or other thing of value upon the happening of a certain event OR Sharing of the losses of a few people among the many who pay premiums SPECULATIVE RISK correct answers A chance of loss but there is also a chance of profit, and because of the chance of profit the...
SirAnton
$11.96 More Info