Question

Which of the following statements is true
a. Insurance is a method of sharing the profit of a 'fewby 'many'
b. Insurance is a method of transferring the risk of an individual to a group of individuals
Select the correct option and then click the Submit button.
A) Only statement a
O B) Only statement b
C) Both statements are correct
D) Both statements are wrong​

Answer 1

Answer:

(B) Only statement B

    As insurance is a method of sharing losses of a few by many not sharing of profits.

Do mark as brainliest.