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Insurance involves an insurable interest where one has economic interest in an item, the payment of premiums to an insurer to assume specified risks of financial loss, and a scheme where expected losses are distributed across a pool of policyholders to reduce the impact on any single person.
Insurance involves an insurable interest where one has economic interest in an item, the payment of premiums to an insurer to assume specified risks of financial loss, and a scheme where expected losses are distributed across a pool of policyholders to reduce the impact on any single person.
Insurance involves an insurable interest where one has economic interest in an item, the payment of premiums to an insurer to assume specified risks of financial loss, and a scheme where expected losses are distributed across a pool of policyholders to reduce the impact on any single person.