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Which of the following is not true of insurance?


Question

Which of the following is not true of insurance?

Options

A) A large number of pecple face the same risk

B) A Possibility of making profit out of an event

C) only a small number will actually suffer the loss in any one year

D) A large number makes a small contribution to a common pool

E) Possibility of assessing the frequency of occurrence of the event

The correct answer is B.


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