All Insurance Is Based On Principle Called
All Insurance is based on a principle called A) investment premiums B) division of risk C) cash value coverage. D) premium earnings
B) division of risk
All Insurance is based on a principle called division of risk
All insurance is based upon a principle called division of risk. This means simply that, if a loss to an individual or to several individuals is shared by a large number of individuals, the loss will not be an excessive burden on anyone.