Which of the following is not true of insurance?
QuestionWhich of the following is not true of insurance?
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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