Question

Which of the following is true of insurance?

A. All risks are insurable.

B. An insurance company only charges a fee for large businesses with over 100 employees.

C. Insurance companies make profits by requiring a relatively large fee compared to the amount of loss that is possible.

D. The insurance company makes a profit by collecting premiums from many businesses for the same set of risks.

Answer

This answer is hidden. It contains 221 characters.