Insurance is based on the principle of ______________.(1.0 Marks)Tax Benefits And InvestmentsAInvestment Risks And ReturnsBSpreading Of Risks And Sharing Of LossesCChildren's Education Goals And Tax Benefits

The purpose of insurance is to:Develop a savings planProvide an investment opportunityTransfer financial riskAll of the above

The primary function of insurance is to maintain yourexisting level of wealth.

An entrepreneur is starting a business. In order to protect herself, she wants to invest in good insurance policies. She wants one policy that will pay her employees' expenses if they get hurt on the job. She also wants to make sure she is protected from expensive lawsuits if a customer gets injured in an accident while on her property.Which two types of insurance would best address the entrepreneur's concerns?A.Workers' compensation and liability insuranceB.Title insurance and workers' compensationC.Disability and homeowner's insuranceD.Liability and homeowner's insurance

Identify the reason for the importance of the policy terms and conditions in a contract of insurance. A) To ensure the insured understands the nature of the policy cover and its limitations. B) To exclude fundamental risks such as war and terrorism. C) To enable the insured to buy back excluded perils by war of endorsement. D) To ensure the parties to the contract understand their respective duties right and obligations.

Analyzing the Role of Insurance in Corporate Strategies