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Which Of The Following Is Not True Of Insurance? - Erudites Academy

A. A large number of people 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

Correct Answer:

Option B – A Possibility of making profit out of an event

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