A restrictive covenant is the process by which insurers shift some of the risk that they have insured to another insurance company.
Correct Answer:
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Q3: The sale of term life insurance was
Q10: Pure risks provide three possible outcomes: loss,no
Q11: A restrictive covenant is:
A)a process by which
Q12: Renewable term insurance is a policy that
Q13: Whole-life insurance provides coverage for all of
Q14: Insurance is shifting the responsibility of bearing
Q18: Insurance is a luxury for individuals,small businesses
Q19: Insurance premiums are directly related to expected
Q19: Insurance companies generate profits by collecting from
Q20: Risk transfer means:
A)transferring of a pure risk
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