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Swedxitalia 01-14-2016 04:13 AM

what is the meaning of insurance
 
hello everyone..
Can anyone tell what is the meaning of insurance? Your ideas highly appreciated here.Thanks in advance.

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eFilingPortal 01-14-2016 10:21 PM

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padgettcalgary 06-15-2017 02:49 AM

Insurance is defined as the equitable transfer of the risk of a loss, from one entity to another, in exchange for a premium, and can be thought of as a guaranteed and known small loss to prevent a large.

quantumleap 05-15-2022 11:43 PM

what is the meaning of insurance
 
Insurance is a contract, represented by a policy, in which an individual or entity receives financial protection or reimbursement against losses from an insurance company. The company pools clients' risks to make payments more affordable for the insured.


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