Economics · Economy
Which of the following best explains Reinsurance?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Insurance taken by individuals for life risk
- 2Insurance taken by insurance companies to spread risk✓
- 3Insurance provided exclusively for agricultural losses
- 4Government insurance scheme for low-income groups
Correct answer
Insurance taken by insurance companies to spread risk
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