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6 Cards in this Set
- Front
- Back
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Iso |
Insurance Services Office |
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Pure Risk |
Situations that result in a loss or no change Speculative |
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Speculative risk |
Involves the opportunity for either loss or gain |
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Hazards |
Conditions or situations that increase the probability of an insured loss occurring |
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Hazards |
Conditions or situations that increase the probability of an insured loss occurring |
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Peril |
The causes of loss insured against in an insurance policy |
