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1- Explain the difference between a direct loss and an indirect or consequential loss.
2- Why does non-life insurance typically use the term property and casualty insurance rather than property and liability insurance?
3- Explain the advantages and disadvantages of retention as a risk-financing technique.
4- Describe the major categories of potential loss exposures that a risk manager should consider and identify.
5 -Explain the general rules of agency that govern the actions of agents and their relationship to insureds.
6 - Briefly explain the income tax deduction of traditional IRA contribution.
7- If an endorsement conflicts with a policy provision, how is this problem resolved?
8 -Explain the major characteristics of an equity indexed annuity.
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