The insurance, in law and the economy, is a form of management of risks used mainly to surround against the risk of a contingent loss. The insurance is defined as the equitable transference of the risk of a loss, from an organization to another one, in exchange for a prize. The insurer is the company that sells the insurance. The tariff of the insurance is a used factor to determine the amount, call the prize, to be loaded for a guaranteed amount of insurance cover. The management of risks, the practice of the valuation risk and that it controlled, have been developed as discreet field of the study and the practice.
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What is Life Insurance?
