How Is An Insurance Company Able To Protect Such A Large Number Of People Who Could Potentially Suffer A Loss? [Solved]

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How Is An Insurance Company Able To Protect Such A Large Number Of People Who Could Potentially Suffer A Loss? [Solved]

Insurance is a social device for spreading the chance of financial loss among a large number of people. By purchasing insurance, a person shares risk with a group of others, reducing the individual potential for disastrous consequences.

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