A product that transfers risk from an individual to an insurance company The money paid to an insurance company to purchase a

Question

A product that transfers risk from an individual to an insurance company The money paid to an insurance company to purchase a policy The chance of loss from an event that cannot be entirely controlled The amount paid out of pocket by the policyholder for the initial portion of a loss before insurance coverage begins An insurance contract that states what risks are covered and how much money will be paid for losses O I III II IV V O I V II III IV O IV III I II V Reset button will I Policy 11 Reset Questions 0 5 Answe IV V Risk Insurance Premium

Kunduz · Accepted Answer

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