The theory of probability on which the business of insurance is based. Simply put, this mathematical premise says that the larger the group of units insured, such as sport-utility vehicles, the more accurate the predictions of loss will be.
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This page contains a single entry by David published on July 13, 2005 12:08 AM.
MUTUAL INSURANCE COMPANY was the previous entry in this blog.
LIABILITY INSURANCE is the next entry in this blog.
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