The most important reason for the existence of insurance ...
The most important reason for the existence of insurance business is to?
prevent the occurrence of any loss
spread losses to all covered participants
provide for the replacement of facilities
encourage individuals to save
Correct answer is B
Insurance companies exist to provide financial protection from losses that can occur during normal business operations.
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The process of buying and selling and distribution of goods and services is ______ ...
An established pattern of relationships among members of an organization is known as ...
Life assurance premium is determined by the assured's ...
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