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Insurance is one of the major forms of risk transfer, and it permits uncertainty to be replaced by certainty.
5Q:
Insurance is one of the major forms of risk transfer, and it permits uncertainty to be replaced by certainty.
- 1Risk managementfalse
- 2Risk Transfertrue
- 3Risk Poolingfalse
- 4Risk retentionfalse
- 5None of the abovefalse
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