Question
Insurance companies make profit by:
A. charging consultation fees to the insured.
B. charging underwriting fees from insurance agents.
C. paying out less than the sum of the premiums and the earnings on them.
D. giving less than the amount mentioned in the policy to the insured.
A. charging consultation fees to the insured.
B. charging underwriting fees from insurance agents.
C. paying out less than the sum of the premiums and the earnings on them.
D. giving less than the amount mentioned in the policy to the insured.
Answers
Writeacher
Which choice includes the idea of taking in more than paying out?