General Studies · Insurance
At its foundational socioeconomic core, insurance works primarily on the principle of:
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Sharing and pooling of losses among many individuals✓
- 2Pure mathematical probability isolation
- 3Profit maximization through premium investments
- 4The strict law of commercial sales contracts
Correct answer
Sharing and pooling of losses among many individuals
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