Pooling of risk in insurance means that?
...Pooling of risk in insurance means that?
compensations are paid out of a common fund
two people can pool their risks to be insured
two insurance companies can buy two policies
insurance companies should encourage taking risks.
Correct answer is A
No explanation has been provided for this answer.
The right of the public to protection against questionable products and marketing practices is ...
The functions of money do not include ...
Which of the following is not an important reason for government ownership of industries? ...
The taking over by state of ownership and control of certain business enterprises is known as? ...
The fee which the bank charges for services rendered to their current account customers is? ...
The practice whereby a firm prepays the postage for the response of its customers is known as ...