1. What is insurance ?
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insurance
noun
1.
an arrangement by which a company or the state undertakes to provide a guarantee of compensation for specified loss, damage, illness, or death in return for payment of a specified premium.
"many new borrowers take out insurance against unemployment or sickness"
noun
1.
an arrangement by which a company or the state undertakes to provide a guarantee of compensation for specified loss, damage, illness, or death in return for payment of a specified premium.
"many new borrowers take out insurance against unemployment or sickness"
Answered by
3
Answer:
an arrangement by which a company or the state undertakes to provide a guarantee of compensation for specified loss, damage, illness, or death in return for payment of a specified premium.
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