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Monday, June 13, 2011

Principles

Insurance involves the pooling of funds from many insurance companies (as the exposure), pay for the losses that some may be charged. Companies covered by insurance because it depends on the risks to cost, cost that is protected depends on the frequency and seriousness of the events. Insurance, insurance against the risk must meet certain characteristics in order to become insured risk. Insurance is a commercial enterprise and most of the financial industry but also to ensure the individual companies themselves by saving money for possible future losses.


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1 Principles 
     1.1 Insurability
     1.2 Legal
     1.3 Indemnification



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