Home » Commerce » The compensation made to an insured for loss incurred in insurance is calledThe compensation made to an insured for loss incurred in insurance is called The compensation made to an insured for loss incurred in insurance is called A. commission B. indemnity C. interest D. pooling risks E. premium Correct Answer: Option B Explanation Related Posts Which of the following abbreviations permits the seller to correct any error in an invoice? The Sole aim of government owned business is to Distinguish between cash discount and trade discount The working capital of a firm is calculated as The rebate given to the retailer by the wholesaler to enable him make profit is… The breaking down of a market into separate and identifiable elements each with its own…
