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for the reason that contracts of insurance have numerous characteristics in common with wagers, insurance contracts tend to be distinguished in legislation as agreements by which possibly celebration has an desire during the "guess-on" consequence over and above the particular fiscal conditions. e.g.: a "wager" using an insurer on no matter if a single's residence will burn off down is not gambling, but rather insurance – as the homeowner has an noticeable fascination during the continued existence of his/her dwelling unbiased in the purely economic aspects of the "guess" (i.
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quite a few possibility-return options are occasionally referred to colloquially as "gambling."[fifty two] whether or not this terminology is appropriate is a make any difference of discussion:
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