Introduction Insurance
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Introduction Insurance EXAM GRADED 
A LATEST VERSION 300 QUESTIONS 
AND ANSWERS 
the uncertainty or possibility of financial loss. There are two kinds: - CORRECT ANSWER risk 
- speculative and pure risk 
chance of financial loss with possibility of gain or loss. this is not insurable. 
Ex: gambling - CORRECT ANSWER speculative risk 
chance of financial loss with no possibility of gain. the only potential outcome is loss - CORRECT 
ANSWER pure risk 
unintended unforeseen damage or injury mea...
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