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All Insurance is based on a principle called

A) investment premiums
B) division of risk
C) cash value coverage.
D) premium earnings

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Best Answer for All Insurance is based on a principle called

B) division of risk

All Insurance is based on a principle called division of risk

All insurance is based upon a principle called division of risk. This means simply that, if a loss to an individual or to several individuals is shared by a large number of individuals, the loss will not be an excessive burden on anyone.

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