Insurance is frequently described as a method of "sharing the risk" because the:

Insurance is frequently described as a method of "sharing the risk" because the:



A) Risk of loss is shared with the insurance company sales person

B) Insured shares the risk of loss with all the other policy holders

C) Insured can share the risk by spreading the cost over a number of years

D) Risk of loss is shared with the government



Answer: B

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