Which of the below option best describes the process of insurance?
A. Sharing the losses of many by a few
B. Sharing the losses of few by many
C. One sharing the losses of few
D. Sharing of losses through subsidy
Answer: Option B
A. Sharing the losses of many by a few
B. Sharing the losses of few by many
C. One sharing the losses of few
D. Sharing of losses through subsidy
Answer: Option B
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