(a) Explain the following terms used in insurance. (i) peril (ii) hazard. (iii) disclosure. (b) Differentiate . between the following classes of risks: (i) ...
Question 1 Report
(a) Explain the following terms used in insurance.
(i) peril
(ii) hazard.
(iii) disclosure.
(b) Differentiate . between the following classes of risks: (i) pure and speculative risks; particular and fundamental risks; (iii) static and dynamic risks.
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