Answered

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All insurance is based on a principle called

A. cash value coverage.
B. investment premiums.
C. premium earnings.
D. division of risk.

Sagot :

GinnyAnswer

Final answer:

Insurance is based on the division of risk principle, where risks are spread among policyholders to minimize individual losses.


Explanation:

Insurance is based on a principle called division of risk. This principle involves spreading the risk among a pool of policyholders to minimize the impact of individual losses. Insurance companies collect premiums and invest them to ensure they have funds available to cover claims when needed.


Learn more about Insurance principles here:

https://brainly.com/question/42782607


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