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29 July, 06:03

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

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  1. 29 July, 09:14
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    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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