Insurance premiums are small relative to the coverage offered because a. the risks are spread among a

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Insurance premiums are small relative to the coverage offered because

a. the risks are spread among a large number of people.

b. agents and brokers receive only a small percentage of the premiums.

c. insurance companies rarely have to pay any claims.

d. the government guarantees insurance payments up to a certain amount.

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Business Law Text And Exercises

ISBN: 9780357717417

10th Edition

Authors: Roger LeRoy Miller, William E. Hollowell

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Question Posted: Feb 26, 2024 08:55 AM

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Insurance premiums are small relative to the coverage offered because a. the risks are spread among a

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Business Law Text And Exercises

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