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What is 'insurance mechanism'? I need this ASAP. Thanks a lot.

What is 'insurance mechanism'? I need this ASAP. Thanks a lot.
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4 votes
What is 'insurance mechanism'?
I need this ASAP. Thanks a lot.

User Sureshmani Kalirajan
by
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1 Answer

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Insurance Mechanism Insurance is the pooling of fortuitous losses by transfer of such risks to insurers, who agree to indemnify insured connected with the risk.
User Yasen Zhelev
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