Home » Commerce » The most important reason for the existence of insurance business is to?The most important reason for the existence of insurance business is to? The most important reason for the existence of insurance business is to? A. prevent the occurrence of any loss B. spread losses to all covered participants C. provide for the replacement of facilities D. encourage individuals to save Correct Answer: Option B Explanation Related Posts Which of the following is not a basic utility created by marketing? Which of the following accompanies goods supplied and forms a receipt when signed by the… An invoice can be described as a Goods discharged from ship on which import duties have not been paid are kept in… The reduction in the value of a country’s currency in relation to others is? The factors responsible for large scale production of durable goods are
