xDANTEx3237 xDANTEx3237

10-09-2017
Business

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When somebody buys an insurance policy, that person is seeking to transfer risk away from herself and pass it on to the insurance company?

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YellowGold YellowGold

21-09-2017

Exactly, when someone buys an insurance policy that person is making sure that whatever happens to him/her, there is the policy to compensate for something that will be lost. He/she is transferring the risk away and pass it on to the insurance company for safekeeping.

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