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Prize indemnity insurance shields the insured from gifting away a considerable prize at a particular celebration. Examples would come with providing prizes to contestants who can make a 50 percent-court shot in a basketball sport, or a hole-in-a person at a golf Event.
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Protected self-insurance is another threat funding mechanism where an organization retains the mathematically calculated price of threat throughout the organization and transfers the catastrophic chance with specific and aggregate limitations to an insurer so the utmost complete price of the program is understood.
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