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33 Pages • Essays / Projects • Year Uploaded: 2022
Insurance is a contract in which an individual or entity receives financial protection or compensation from an insurance firm in the form of a policy. The firm pooled the risks of its clients to make payments more reasonable to the insured. Insurance policies are used to protect against the possibility of large and small financial losses resulting from damage to the insured's property or liability for damage or injury to a third party.
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