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Pooling of risk in insurance means that?
Classroom
Commerce Classroom
Jamb
Jamb 2001
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Pooling of risk in insurance means that?
SchoolNGR Classroom
Take Free Practice Test On 2026 JAMB UTME, Post UTME, WAEC SSCE, GCE, NECO SSCE
A
Compensations are paid out of a common fund
B
Two people can pool their risks to be insured
C
Two insurance companies can buy two policies
D
Insurance companies should encourage taking risks.
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Correct Answer:
Option A
Explanation:
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