MCQOPTIONS
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| 1. |
Which One of the Following Statements, is In-Correct? |
| A. | Under Mutuality, the Funds of Various Individuals, are combined. |
| B. | Mutuality is also known as Pooling. |
| C. | Under Mutuality, We have the Funds flowing from One Source to Many. |
| D. | Mutuality provides Protection against the Economic Loss, arising as a Result of One s Un- Timely Death. This Loss is shouldered and addressed through having a Fund, that pools the Contributions of Many, Who have entered into the Life Assurance Contracts. |
| Answer» D. Mutuality provides Protection against the Economic Loss, arising as a Result of One s Un- Timely Death. This Loss is shouldered and addressed through having a Fund, that pools the Contributions of Many, Who have entered into the Life Assurance Contracts. | |