The practice by which an insurance company accepts a very large risk and later shares it with other insurance companies is called

a

subrogation

b

contribution

c

re-insurance

d

indemnity

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Correct Option
c

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Dammy Blessing
10 years ago

Here is an explanation:

d ans is C coz re-insurance is a practice whereby insurers further insure part of d risks insured wth dem wth oda companies in order 2 spread d risks nd reduce d loss dat an individual insurer may bear

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