Which of the following statements is TRUE?
A) Insurance shifts the risk of loss from an insured person to the insurer.
B) Insurance distributes the costs of accidents from individuals to large groups.
C) An insurer's profits are derived from the accuracy of its predictions of the frequency and costs of accidents and other insured events.
D) Both A and B
E) All of the above
E
Business
You might also like to view...
A defendant is protected by the Double Jeopardy Clause if his case reaches a hung jury
Indicate whether the statement is true or false
Business
In a contingent fee contract, the principal must pay the agent prior to the completion of the agency
Indicate whether the statement is true or false
Business