Question

B. State whether True or False:
1. The individual or institution who receives the compensation is
called the insurer.
2. The insured gets compensation if a loss occurs.
3. Insurance does not promote trade and commerce in the country.
4. General insurance pertains to fire, marine and health insurance.
5. Life insurance mobilises small savings of the public through
different schemes.
​

Answer 1

Answer:

1: Individual is the true answer

Answer 2

Answer:

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Explanation:

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