Which of the Following Statements Is True of Insurance

question 62

Multiple Choice

Which of the following statements is true of insurance?

• A) It has to be paid after the risk has been encountered.
• B) It can be obtained even if one has no insurable interest in the property being insured.
• C) It is a means of transferring and distributing the risk of loss.
• D) It cannot be modified once issued.

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Definitions:

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Custom Audiences

A targeting strategy used in digital marketing where advertisers use existing customer data to re-engage specific groups with tailored messaging.