Licentiate Examination - IC 01 - Principles of Insurance Exam - Important Points
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Loss-Reduction Techniques, include, Separation, Duplication, Diversification, Indemnity-Agreements, Hedging, etc.
An individual can manage the Risk, associated to His or Her Life, by transferring it, to a Life Assurance Company, by buying a Life Assurance Plan.
Organisations meet costs of retained risks: - From current revenue, and , By creating special fund.
Separation - Isolating subjects exposed to the same risk
Duplication - Keeping 'back up' copies
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IC01 PRINCIPLES OF INSURANCE
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