Category: IC01 PRINCIPLES OF INSURANCE – 12

Que. 1 : Q1) Which of the following is True?    1.  a) Insurance cannot exist without a sufficiently large number of exposures to make losses predictable    2.  b) The term pure risk describes a situation in which there is no chance of gain, but the possibility of loss or no loss only    3.  c) Risk retention deserves serious consideration […]