Which of the following is not true of insurance?
...Which of the following is not true of insurance?
A large number of pecple face the same risk
A Possibility of making profit out of an event
only a small number will actually suffer the loss in any one year
A large number makes a small contribution to a common pool
Possibility of assessing the frequency of occurrence of the event
Correct answer is B
No explanation has been provided for this answer.
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