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Collective bearing of risk - Insurance is a device to share the financial loss of few among many others. Insurance is a mean by which few losses are ...
The essence of insurance thus, is collective bearing of risks as it involves pooling of risk. In Legal sense: The contract of insurance may be defined as: A contract under which ...
collective bearing of risk is Insurance. – W. Beverideges; A provision which a prudent man makes against fortuitous or inevitable contingencies, loss or misfortune.
“The collective bearing of risk is insurance.” Sir William Beveridge “Insurance has been defined as a plan by which large numbers of people associate themselves and transfer to ...
Collective bearing of risk - Insurance is a device to share the financial loss of few among many others. Insurance is a mean by which few ...
The essence of insurance thus, is collective bearing of risks as it involves pooling of risk. In Legal sense: The contract of insurance may be defined as: A contract ...
collective bearing of risk is Insurance. - W. Beverideges; A provision which a prudent man makes against fortuitous or inevitable contingencies, loss or misfortune.
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