Under IFRS 4, what are the three important elements of an insurance
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Under IFRS 4, what are the three important elements of an insurance
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- Which of the following is a type of captive formed to write most types of liability insurance coverage? A. Risk orientation groups B. Risk reduction groups C. Risk retention groups D. Risk avoidance groupsWhat is a contingent liability? Provide some examples of contingencies.Distinguish between a determinable current liability anda contingent liability. Give two examples of each type.