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a.Private insurers provide social and economic benefits to society. Explain the following benefits of insur- ance to society. (1) Indemnification for loss (2) Enhancement of

a.Private insurers provide social and economic benefits to society. Explain the following benefits of insur- ance to society. (1) Indemnification for loss (2) Enhancement of credit (3) Source of funds for capital accumulation b. Explain the major costs of insurance to society

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