Define the term insurance according to commission on insurance terminology of the American Risk.

      

Define the term insurance according to commission on insurance terminology of the American Risk.

  

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Simon
The commission on Insurance Terminology of the American Risk and insurance Association defines insurance as the pooling of fortuitous losses by transfer of such risks as insurers, who agree to indemnify insurers for such loses to provide other preliminary benefits on their occurrence, or to render services connected with risk.

skilled writter answered the question on May 1, 2018 at 16:09


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