[SOLVED] All Insurance is based on a principle called

All Insurance is based on a principle called

A) investment premiums
B) division of risk
C) cash value coverage.
D) premium earnings
A) investment premiums
B) division of risk
C) cash value coverage.
D) premium earnings

Answer:

Best Answer for All Insurance is based on a principle called

B) division of risk

All Insurance is based on a principle called division of risk

All insurance is based upon a principle called division of risk. This means simply that, if a loss to an individual or to several individuals is shared by a large number of individuals, the loss will not be an excessive burden on anyone.

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