a. Private insurers provide social and economic benefits to society. Explain the following benefits of insurance to

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a. Private insurers provide social and economic benefits to society. Explain the following benefits of insurance to society.

(1) Indemnification for loss

(2) Enhancement of credit

(3) Source of funds for capital investment and accumulation

b. Explain the major costs of insurance to society.

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Principles of Risk Management and Insurance

ISBN: 978-0132992916

12th edition

Authors: George E. Rejda, Michael McNamara

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Question Posted: Jan 30, 2015 07:37 AM

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a. Private insurers provide social and economic benefits to society. Explain the following benefits of insurance to

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a 1 Indemnification means that insureds are restored to their former financial position after a loss ...View the full answer

Principles of Risk Management and Insurance

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