The major difference between insurance and assu... - JAMB Commerce 2001 Question
The major difference between insurance and assurance is that while insurance
A
takes care of uncertainty, assurance takes care of risks
B
takes care of risks , assurance takes care of uncertainty
C
hinges on probabilities, assurance is based on possibilities
D
is about indemnity, assurance is about life in the future
correct option: c
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