Answered: Which of the following is the primary…

Which of the following is the primary function of insurance? Making risk disappear. Pooling and sharing risk among the insured. Making someone else pay for an accident or loss. Don’t know.

Personal Finance

13th Edition

ISBN:9781337669214

Author:GARMAN

Publisher:GARMAN

Chapter10: Managing Property And Liability Risk

Section10.1: Risk And Risk Management

Problem 4CC

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Question

Which of the following is the primary function of insurance?

Making risk disappear.

Pooling and sharing risk among the insured.

Making someone else pay for an accident or loss.

Don’t know.

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