The practice by which insurance companies share risks with other insurance companies is

Commerce

WAEC 2021

A. contribution
B. re-insurance
C. insurance
D. underwriting

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Correct Answer: Option A

Explanation

Contribution — is an insurance principle where two or more insurers are each liable for a covered loss and they both participate or contribute to the payment of that loss.

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The practice by which insurance companies share risks with other insurance companies is

Correct Answer: Option A

Explanation

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