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In __________ - each individual promises to pay a specified amount in the event that the contingency insured against occurs. Members are liable for only their portion of the risk and are not bound to assume any portion of a defaulting member.

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1. In __________ - each individual promises to pay a specified amount in the event that the contingency insured against occurs. Members are liable for only their portion of the risk and are not bound to assume any portion of a defaulting member.





 
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