State four elements that are required for an insurance transaction.

      

State four elements that are required for an insurance transaction.

  

Answers


Simon
• There should be a premium payment.
• There should be a contractual agreement.
• There should be a benefit payment occasioned by circumstances defined in the insurance contract.
• The presence of a pool of resources held by the insurer to reimburse claims.


skilled writter answered the question on May 1, 2018 at 16:10


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