Ask Question
18 May, 01:13

When somebody buys an insurance policy, that person is seeking to transfer risk away from herself and pass it on to the insurance company?

+3
Answers (1)
  1. 18 May, 01:22
    0
    Exactly, when someone buys an insurance policy that person is making sure that whatever happens to him/her, there is the policy to compensate for something that will be lost. He/she is transferring the risk away and pass it on to the insurance company for safekeeping.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “When somebody buys an insurance policy, that person is seeking to transfer risk away from herself and pass it on to the insurance company? ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers