The major difference between insurance and assurance is that while insurance
COMMERCE
JAMB 2001
The major difference between insurance and assurance is that while insurance
- A. takes care of uncertainty, assurance takes care of risks
- B. takes care of risks , assurance takes care of uncertainty
- C. hinges on probabilities, assurance is based on possibilities
- D. is about indemnity, assurance is about life in the future
Correct Answer: C. hinges on probabilities, assurance is based on possibilities
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