A. with common interest make claims every year
B. with common risk insure with the same company
C. with common interest insure with a reinsurance company
D. form a common association to help themselves
Correct Answer: Option B
B. with common risk insure with the same company
Explanation
Risk pooling in insurance is a practice where the company groups large numbers of policyholders together to lower the impact of higher-risk individuals by placing them alongside lower-risk ones. The company is able to offer a higher risk of policyholders more affordable coverage as a result.
Veterinary medicine is the branch of medicine that deals with the prevention, diagnosis, and treatment…
Anthropology is the scientific study of human beings and their cultures. It encompasses a wide…
Sociology is the scientific study of human society, culture, and behavior. It examines the social…
Social Work is a profession dedicated to helping individuals, families, and communities to cope with…
Religious studies is an academic discipline that explores the beliefs, practices, and history of various…
Public administration is the field of study and practice that focuses on the organization and…