Vidyalelo
Commerce · Q614

Insurance

Graduate and Post Graduate · Commerce · question 614

Q614

Which is correct

A.
In insurance subsidy plays a part in fixing premium
B.
Losses are shared by subsidy
C.
A few persons have to share the loss of many
D.
Losses of a few persons are shared by many persons thus reducing the burden of contribution to loss compensation
Answer

Answer: Option D

Solution

Answer: Option D
Solution:
Losses of a few persons are shared by many persons thus reducing the burden of contribution to loss compensation.