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1.Define insurance from legal and business point of view. 2.Discuss the five legal principles of insurance. 3.List and explain the 3 major types of life

1.Define insurance from legal and business point of view.

2.Discuss the five legal principles of insurance.

3.List and explain the 3 major types of life insurance policies.

4.Identify the general limitations of insurance.

5.Give two major benefits of insurance to the society.

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