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    Risk Management and Insurance
  4. Exam
    Exam 6: Insurance As a Risk Management Technique: Principles
  5. Question
    The Large-Loss Principle States That People Should Insure Potentially Serious
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The Large-Loss Principle States That People Should Insure Potentially Serious

Question 38

Question 38

True/False

The large-loss principle states that people should insure potentially serious and unlikely losses before insuring more likely and less serious losses.

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