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The main function of insurance is to A. prevent losses resulting from crime and fraud. B. spread the losses/risk of the many amongst the few.

The main function of insurance is to

  • A. prevent losses resulting from crime and fraud.

  • B. spread the losses/risk of the many amongst the few.

  • C. spread the risk and charge a competitive premium.

  • D. encourage safe driving and more excellent safety on roads.

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