Home » Commerce » The practice by which an insurance company accepts a very large risk and later shares…The practice by which an insurance company accepts a very large risk and later shares… The practice by which an insurance company accepts a very large risk and later shares it with other insurance companies is called A. subrogation B. contribution C. re-insurance D. indemnity Correct Answer: Option C Explanation Related Posts A contract which is devoid of legal effect is Define marketing mix and explain the term marketing concept The document with which a manufacturing enterprises releases stock Of raw materials to the factory… when two insurers are liable under a given common policy, the principle of insurance that… State Four Functions of Money – Explain Six Advantages of Payment by Cheque a house insured against damage by flood was burnt down and the owner had no…
