Against the transferred risk the insured will have to pay a certain amount (consideration) to the insurer which is known as the
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BREAKING DOWN Transfer of Risk. When purchasing insurance, the insurer agrees to indemnify a policyholder up to a certain amount for a specified loss in exchange for payment.
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BREAKING DOWN Transfer of Risk. When purchasing insurance, the insurer agrees to indemnify a policyholder up to a certain amount for a specified loss in exchange for payment.
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