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Y_Kistochka [10]
3 years ago
11

A contract for compensation for a full or partial loss or damage caused by an uncontrollable event is called

Business
1 answer:
Juli2301 [7.4K]3 years ago
6 0

Answer: Insurance contract

Explanation: Insurance is a contract for compensation for a full or partial loss or damage caused by an uncontrollable event and as such it is a means of indemnity (security from damage, loss, or penalty) against a future occurrence of the said uncertain event. The insurance policy is a legal document outlining a particular insurance cover for an insured entity for a given risk.  

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