GCE Commerce 2025 Objective — Question 24
Question 24 of 50 from the General Certificate of Education (GCE) Commerce 2025 Objective paper, with the correct answer and a full explanation.
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Sharing of risks among insurance companies is
- A. indemnity
- B. re-insuranceCorrect
- C. subrogation
- D. underwriting
Explanation
Re-insurance is when an insurance company transfers portions of risk in its portfolios to other insurers.
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