Answered

Expand your horizons with the diverse and informative answers found on IDNLearn.com. Our experts are available to provide in-depth and trustworthy answers to any questions you may have.

Insurance represents the process of risk
О
selection
avoidance
assumption
☐ transference

Sagot :

GinnyAnsweridn

Final answer:

Insurance is a financial protection method involving premiums based on risk probabilities.


Explanation:

Insurance is a method that households and firms use to prevent any single event from having a significant detrimental financial effect. Generally, households or firms with insurance make regular payments, called premiums. The insurance company prices these premiums based on the probability of certain events occurring among a pool of people. Members of the group who then suffer a specified bad experience receive payments from this pool of money.


Learn more about Insurance here:

https://brainly.com/question/33116677


Your participation is crucial to us. Keep sharing your knowledge and experiences. Let's create a learning environment that is both enjoyable and beneficial. IDNLearn.com is your go-to source for accurate answers. Thanks for stopping by, and come back for more helpful information.