Q320
Which of the following is not an element of the life insurance business?
A.
Asset
B.
Risk
C.
Principle of mutuality
D.
Subsidy
AnswerAnswer: Option D
Solution
Answer: Option D
Solution:
Subsidy is not an element of the life insurance business. A subsidy or government incentive is a form of financial aid or support extended to an economic sector generally with the aim of promoting economic and social policy.