Accountancy, asked by mlacton348, 10 months ago

What are the two primary functions of insurance?

Answers

Answered by atulgoel07071980
3

Explanation:

.So, insurance functions are; The system to spread the risk over several persons who are insured against the risk; The principle to share the loss of each member of the society based on the probability of loss to their risk; and. The method to provide security against losses to the insured

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