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Other Fields Homework Help Insurance Topic started by: JamesLu on Jul 5, 2017



Title: Insurance companies collect premiums in advance of loss, and the funds collected are not needed to ...
Post by: JamesLu on Jul 5, 2017
Insurance companies collect premiums in advance of loss, and the funds collected are not needed to pay immediate losses and expenses; these funds can be loaned to businesses. Because of this fact, insurance benefits society by
A) enhancing credit.
B) providing a source of investment funds.
C) indemnifying losses.
D) providing an incentive for loss prevention.


Title: Re: Insurance companies collect premiums in advance of loss, and the funds collected are not needed ...
Post by: ownzore3 on Jul 5, 2017
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