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Principles of Risk Management and Insurance 13th Edition by George Rejda,Michael McNamara
Edition 13ISBN: 978-0134082578Principles of Risk Management and Insurance 13th Edition by George Rejda,Michael McNamara
Edition 13ISBN: 978-0134082578 Exercise 2
Private insurers provide social and economic benefits to society. Explain the following benefits of insurance to society.
(1) Indemnification for loss
(2) Enhancement of credit
(3) Source of funds for capital investment and accumulation
b. Explain the major costs of insurance to society.
(1) Indemnification for loss
(2) Enhancement of credit
(3) Source of funds for capital investment and accumulation
b. Explain the major costs of insurance to society.
Explanation
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a.Indemnification of Loss: Indemnificati...
Principles of Risk Management and Insurance 13th Edition by George Rejda,Michael McNamara
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