AINS 24 | 351 Question with Correct Answers 100% Verified
AINS 24 | 351 Question with Correct Answers 100% Verified Major roles of insurance - Risk management to deal with loss exposures; transfer system of financial loss from insured to insurer; business sufficient to pay claims and provide profit; contract between insured and insurer What are risk management techniques? - Loss prevention; loss reduction; risk transfer; loss avoidance Define Insurance Policy - A contract that states the rights and duties of both the insured and the insurer regarding the transfer and costs of losses. Define Exposure Units - Assets that are insured by an insurance company.
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- Instelling
- AINS
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- AINS
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- Geüpload op
- 18 mei 2024
- Aantal pagina's
- 54
- Geschreven in
- 2023/2024
- Type
- Tentamen (uitwerkingen)
- Bevat
- Vragen en antwoorden
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ains 24
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351 question with correct answers 100 verified
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