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?A promise of compensation for specific potential future losses in exchange for a periodic payment.

?Insurance can be define as” a contract by which insurance agrees to pay the insured a compensation for specified damage loss or injury suffered in exchange for periodic payment called premium”
 
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Rameish said:
?A promise of compensation for specific potential future losses in exchange for a periodic payment.

?Insurance can be define as” a contract by which insurance agrees to pay the insured a compensation for specified damage loss or injury suffered in exchange for periodic payment called premium”
Click to expand...
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