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why is the distinction between insurable and uninsurable risks is significant for the theory of profit

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12y ago

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Distinctions between insurable and uninsurable risks?

If I understand your question correctly, each insurance company has a list of unacceptable vehicles and unacceptable drivers. These lists are different for each carrier.


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What is difference between marketable title and insurable title?


Can you take out life insurance for someone else?

There must be insurable interest between you and the person you want to insure. Insurable interest mean that you must be financially and emotionally affected if the person dies.


Can daughters buy life insurance on their father?

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Why did the distinction between the KTSs and PBXs lessen?

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What is the difference between the population and sample regression functions Is this a distinction without difference?

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Yes you can purchase life insurance on your parent. In order to buy life insurance on another person there must exist an Insurable Interest in that person. There does exist an insurable interest between siblings, spouses, and parents and children.


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A significant difference refers to a statistically meaningful distinction between two or more groups or variables. It implies that the difference observed is unlikely to have occurred by chance and is likely to have practical relevance. Statistical tests are used to determine if a difference is significant.