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3 Cards in this Set
- Front
- Back
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INSURANCE |
Is a contract whereby one undertakes to indemnify another against loss damage or liability arising from or unknown event |
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Indemnify |
Means to make someone whole by restarting a person to the same Financial position that existed before the loss |
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Risk |
Simply means the certainty of financial lost or the chance of loss went more than one outcome is possible |
