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When the Occurrence of an Event Causes an Individual's Ability

question 12

Multiple Choice

When the occurrence of an event causes an individual's ability to cope to be exceeded,______ occurs.


Definitions:

Agent

A person or entity legally authorized to act on behalf of another person or entity in financial or business matters.

Indemnify

To compensate for harm or loss, typically through financial payment, or to guarantee protection against legal liability or penalties.

Losses

Financial or material detriment experienced by an entity, often due to business operations or market conditions.

Principal's Business

The central activities or operations that a principal or company is engaged in or the focus area of its business.

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