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For insurance to be successful, it must apply what principle? Group of answer choices Produce a minimum of one hundred policies to create adequate predictable

For insurance to be successful, it must apply what principle?

Group of answer choices

Produce a minimum of one hundred policies to create adequate predictable behavior.

They must adequately spread the risk of the few over the many.

Maximized premium retention, reducing or eliminating lapses.

Invest heavily in claim investigation to minimize claim payments.

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