The distinction between pure risk and speculative risk is important because only pure risks are normally insurable.

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The distinction between “pure risk” and “speculative risk” is important because only pure risks are normally insurable. Why is the distinction between “fundamental risk” and “particular risk” important?

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Fundamentals Of Risk And Insurance

ISBN: 978-1118534007

11th Edition

Authors: Emmett J. Vaughan ,Therese M. Vaughan

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Question Posted: Jul 12, 2024 10:04 AM

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The distinction between pure risk and speculative risk is important because only pure risks are normally insurable.

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Fundamentals Of Risk And Insurance

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