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Questions and Answers
What is the definition of insurance according to Alberta’s Insurance Act (2000)?
What is the purpose of premiums in insurance?
How does insurance provide 'peace of mind' to an insured individual?
What is negligence in the context of insurance?
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Why might financial institutions be unwilling to loan money for significant purchases without insurance protection?
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What is one primary function of insurance?
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How does insurance benefit business owners?
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What is a direct result of businesses having their assets insured?
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How does insurance benefit society as a whole?
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What effect does insurance have on funds set aside by insured individuals or businesses?
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