[Solved] Which One of the Following Statements, is Correct?

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Q.	Which One of the Following Statements, is Correct?
A.	Insurance protects the Asset from Damage.
B.	Insurance prevents the Losses.
C.	Insurance reduces the Possibility of Loss.
D.	Insurance indemnifies the Insured, in the Event of a Loss.
Answer» D. Insurance indemnifies the Insured, in the Event of a Loss.

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Insurance Exam (LIFE)

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