Let us have a close look at Pure and Speculative risks:
The latter are in the nature of betting or gambling where the risk is, to some extent, under the control of the person concerned, while a picture is not so. It is more in the nature of an Act of God. Insurance deals with only pure risks and not speculative risks.
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Thursday, November 26, 2009
Pure Risks and Speculative Risks
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Thursday, November 26, 2009 catastrophic risks, general insurance, health insurance, insurance, life insurance, motor insurance, perils, pure and speculative risks, risks, travel insurance InsuranceMinds 11:49 PM
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