Examlex
Which of the following is often exempt from full IRB review?
Partnership
An authorized commercial operation formed by two or more participants who equally handle management duties and share the profits.
Reinsure
A practice where an insurance company transfers a portion of potential risk to another insurer to reduce its overall liability.
Insurance Premium
The amount paid periodically to an insurance company by the policyholder for covering their risk.
Raw Land
Undeveloped land without any buildings or improvements, often considered as a real estate investment opportunity.
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