In insurance subsidy plays a part in fixing premium
Losses are shared by subsidy
A few persons have to share the loss of many
Losses of a few persons are shared by many persons thus reducing the burden of contribution to loss compensation
✅ The correct answer is D.
Losses of a few persons are shared by many persons thus reducing the burden of contribution to loss compensation.
Losses of a few persons are shared by many persons thus reducing the burden of contribution to loss compensation.