Question

Insurance companies apply law of _________ to determine the cost of total annual claims

Answer 1

Answer:

Insurance is a means of protection from financial loss. It is a form of risk management, .... What that " stake" is will be determined by the kind of insurance involved and the nature of the property ownership ...

Answer 2

Explanation:

 · This principle is used by insurance companies to cope with risk, ... help estimate the value and frequency of future claims they will have ... How Insurers Use the Law.