C16 The Business of Insurance - Guías de estudio, Notas de estudios & Resúmenes
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C16 THE BUSINESS OF INSURANCE EXAM NEWEST 2024-2025 QUESTIONS AND CORRECT ANSWERS
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---31febrero 20252024/2025A+
- C16 THE BUSINESS OF INSURANCE EXAM NEWEST 
QUESTIONS AND CORRECT ANSWERS 
List the two fundamental principles of insurance. - CORRECT ANSWER1. The 
premiums of the many are used to pay the losses of the few. 
2. The premiums shall be commensurate with the risk. -Insurance fulfils a societal need -Provides consumers with financial security for particular types of accidental losses. Also 
underpins the economy facilitating economic growth and societal development -Insurance is the promise t...
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