Which of the following is not a function of insurance?

Insurance

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Which of the following is not a function of insurance?

A

It is designed to be used to protect the insured from dishonest acts

B

It protects against uncertainty and reduces anxiety

C

It is the exchange of a small certain expense for a large uncertain loss

D

It transfers risk from the insured to the insurer

Answer: It is designed to be used to protect the insured from dishonest acts

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