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The insurance contract, referred to as an insurance policy, contains the following necessary elements: A ) specific amount payable if a specific risk takes place
The insurance contract, referred to as an insurance policy, contains the following necessary elements:
Aspecific amount payable if a specific risk takes place
Bspecified occurrences of risks that are covered by the contract
Camount of reserves carried by the insurance company to cover risks
Didentification of the risk covered
Eall of the above
F and
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