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This question belongs to Commerce Insurance

Insurance

?

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 & Solution

Correct Answer: Option D

Losses of a few persons are shared by many persons thus reducing the burden of contribution to loss compensation.

Question posted by Examveda

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