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The Impact Of Insurance Policies To Building Project Contracts
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CHAPTER ONE - [ Total Page(s): 3 ]The basic function of insurance is risk transference; risk is
transferred from one party (the insured) to another party (the insurer).
The transfer of risk by no means eliminates the possibility of
misfortune, but the insurer provides financial security and tranquillity
for the insured when the insured risk occurs. In return, an insured
pays a premium in a very small amount when compared with the potential
losses that may be suffered (Morton, 1999).1.2 Statement of ProblemDevelopment ... Continue reading---
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CHAPTER ONE - [ Total Page(s): 3 ]The basic function of insurance is risk transference; risk is
transferred from one party (the insured) to another party (the insurer).
The transfer of risk by no means eliminates the possibility of
misfortune, but the insurer provides financial security and tranquillity
for the insured when the insured risk occurs. In return, an insured
pays a premium in a very small amount when compared with the potential
losses that may be suffered (Morton, 1999).1.2 Statement of ProblemDevelopment ... Continue reading---
ABSRACT -- [Total Page(s) 1]
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ABSRACT -- [Total Page(s) 1]
Page 1 of 1