Question

1. Which of the following statements is true?
Insurance prevents the losses from happening
Insurance spreads the losses among the people
Insurance spreads the losses among the insured persons
None of the above​

Answer 1

Answer:

Insurance loss control is a form of risk management that reduces the potential for losses in an insurance policy. ... Insurance companies may require policyholders to complete loss control programs to cut down on risk and reduce the chances of claims. Loss control programs benefit both policyholders and insurers.

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Answer 2

Answer:

a) Insurance presents the losses from happening.

Explanation:

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