insurance

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Insurance, in law and economics, is a form of risk management primarily used to hedge against the risk of a contingent loss. Insurance is defined as the equitable transfer of the risk of a poteential loss, from o ne entity to another,in exchange for a premium. Insurer, in economic, is the company that sells the insurance. Insurance rate is a factor used to determine the amount, called the premium, to be charged for a certain amount of insurance coverage. Risk management the practice of appraising and controlling risk, has envolved as a discrete field of study and practive. www.insurance.page.tl