Question

Attempted Questions : 5
Que 6: Which of the following statements is true?
O Insurance is a method of sharing the losses of a ?few? by ?many?
O Insurance is a method of transferring the risk of an individual to another individual
O Insurance is a method of sharing the losses of a ?many? by a few?
O Insurance is a method of transferring the gains of a few to the many
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Answer 1

Answer:

option 2

Explanation:

insurance allows you to transfer risk you cannot afford to accept. ... For example, the deductibles and premiums you pay for insurance are a form of risk sharing—you accept responsibility for a small portion of the risk, while transferring the larger portion of the risk to the insurer.