The principle functions of an insurance contract are | Faculties

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Mr. Dubey

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📊 Banking and Insurance

Q. The principle functions of an insurance contract are

(A) To define the risk that is to be transferred
(B) To state the conditions under which the contract applies
(C) To explain the procedure for settling losses
(D) All of the Above

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✅ Correct Answer: (D) All of the Above

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