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Home Q & A Board Other Fields Homework Help Business Insurance
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JamesLu JamesLu
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6 years ago
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.
Textbook 
Principles of Risk Management and Insurance

Principles of Risk Management and Insurance


Edition: 12th
Authors:
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ownzore3ownzore3
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JamesLu Author
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6 years ago
Smart ... Thanks!
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