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SAMPLE Property & Casualty Online Practice Exam Simulator
 
 
Question:
Property and Casualty Insurance can be utilized to handle:

I. Pure risks.
II. Speculative risks.
 
Insurance can only be utilized to handle or transfer pure risks, those in which there can only be a loss or indemnification (but no potential for gain).
Answer Choices:Select the Correct Answer
I only
II only
Both I and II
Neither I nor II
 
 
 
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