The amount of insurance premium to be paid depends on the

The amount of insurance premium to be paid depends on the
  • A.
    supply and demand of a particular company’s service
  • B.
    extent of the possible loss and the frequency of the risk
  • C.
    number of insurance companies in a place
  • D.
    amount of profit to be made by the insurer
Correct Answer: Option C
Explanation
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