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Question 8 (3 points) There are 6 (six) components of an insurance contract which are essential to help maintain integrity in the industry. Outline the

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Question 8 (3 points) There are 6 (six) components of an insurance contract which are essential to help maintain integrity in the industry. Outline the six essential components that a contract of insurance must contain to be valid and why each is important. 3 Marks

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