Accountancy, asked by Empt, 9 months ago

Point out the main features of accounts of general insurance companies

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Answered by Anonymous
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Answer :

Features of Insurance

  • Sharing of Risk.

  • Co-operative Device.

  • Value of Risk.

  • Payment at Contingency.

  • Payment of Fortuitous Losses.

  • Amount of Payment.

  • A large Number of Insured Persons.

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