The Basic Underlying Concept of Insurance Is ___________

question 4

Multiple Choice

The basic underlying concept of insurance is ___________.

• A) to spread the risk by writing coverage for a large pool of individuals
• B) writing coverage to return a profit to shareholders
• C) to be able to meet claims and return profits to the company's shareholders
• D) to spread risk by writing coverage for a large enough pool of individuals so that the premium structure has been established correctly and the prediction of claims are made accurately and the company can be able to finance those claims and return a profit to its shareholders

---

Definitions:

Parochial Education

A type of educational system usually associated with religious institutions, often aiming to provide moral or spiritual guidance along with academic instruction.

Parental Teaching

Parental teaching involves parents actively engaging in their child's learning process, imparting knowledge, skills, and values through direct and indirect methods.

Motor Area

A region of the cerebral cortex involved in planning, controlling, and executing voluntary movements.

Body Part

Any section or component of an organism that is identified as an independent unit.