Insurance is defined as pooling of risk because many peop...
Insurance is defined as pooling of risk because many people
with common interest make claims every year
with common risk insure with the same company
with common interest insure with reinsurance company
form common association to help themselves
Correct answer is B
Risk pooling in insurance is a practice where the company groups large numbers of policyholders together to lower the impact of higher-risk individuals by placing them alongside lower risk ones. The company is able to offer higher risk policyholders more affordable coverage as a result.
Term insurance benefits are payable ...
full return of premium paid for a contract of insurance is applicable in a situation involving? ...
one of the feature of ''with profit whole life assurance'' is that profit is allocat...
An attachment to an insurance policy that modifies the policy is? ...
The person that buys a life insurance policy is an ...
Non-indemnity insurance policies are referred to as ...
A clause that prevents the insurer from paying under a policy if the insured killed himself is? ...
one of the difference between contract of life assurance and non life insurance is? ...