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3 Cards in this Set
- Front
- Back
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Insurance |
: Transferring pure risk (no gain) from individuals to a group. Pools large numbers of individual risks. Charges a small premium to each in the pool in exchange for protection. |
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Insurance |
: Transferring pure risk (no gain) from individuals to a group. Pools large numbers of individual risks. Charges a small premium to each in the pool in exchange for protection. |
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Insurance |
: Transferring pure risk (no gain) from individuals to a group. Pools large numbers of individual risks. Charges a small premium to each in the pool in exchange for protection. |
