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WAEC Commerce 2025 Question 24

Question 24

Insurance

Sharing of risks among insurance companies is

  1. A.indemnity.
  2. B.re-insurance.
  3. C.subrogation.
  4. D.underwriting.
Show the answer and explanation

Answer: B (re-insurance.)

Explanation

Re-insurance passes part of a large risk to other insurers.