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SAMPLE Insurance Fundamentals Practice Exam Simulator

This sample contains 5 questions on the topic of Insurance Fundamentals.

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Question:

"A method of handling pure risk, by spreading it over a large number of similar individuals" is the definition of:

 Answer Choices:Select the Correct Answer
The Law of Large Numbers.
Insurance.
Indemnity.
Insurable Interest.

Question 1 of 5

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