Explain the meaning of the following terms: (a) insured (b) insurance

      

Explain the meaning of the following terms;
a) insured
b) insurance

  

Answers


Winnie
Insured - it refers to an individual or business unit that signs an insurance contract to be covered against a risk of loss and can therefore be compensated in case of a loss

Insurance - this refers to an agreement in which the insured pays premiums to the insurer so as to be compensated in case of a loss
Wincate 1 answered the question on September 29, 2017 at 13:39


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