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INSURANCE AN INTRODUCTION

TYPE OF INSURANCE
1. 2. 3. 4.

LIFE INSU. MARINE INSU. FIRE INSU. MISCELLANEOUS INSU.

CHARACTERISTICS OF INSURANCE
TWO PARTIES ARRANGEMENT OF COMPENSATION MONATERY MEASURMENT PROVIDE SECURITY AGAINST UNCERTAIN

LOSS BASED ON PREMIUM TRANSFER OF RISK BASED ON CORPORATION BASED ON MUTUAL GOOD FAITH AN INSTITUTIONAL FORM DIFFERENT FROM DONATION

FUNCTIONS OF INSURANCE PRIMARY FUNCTIONS


1.TO PROVIDE CERTINATY AGAINST

RISK 2.TO PROVIDE SECURITY JACKET 3.DISTRIBUTION OF PERSONAL RISK AT BROADER BAISIC 4.TO CREATE INSURANCE AWARENESS 5.TO DO MARKET RESERCH

SECONDAEY FUNCTION
RESERCH AND DEVELOPMENT TO HELP IN LOSS PREVENTION TO PROVIDE CAPITAL AND

CREDIT

OTHER FUNCTION
MEANS OF SAVING AND INVESTMENT SOURCE OF EARNING FOREGINE

EXCHANGE RISK FREE TRADE

PRINCIPLES OF INSURANCE
THEORY OF COOPERATION THEORY OF PROBABILITY

PRO=PRP OF HAPPINING OF SPECIFIC EVENT/ALLPOSSIBILITY THE LOW OF LARGE NUMBERS

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