Which of the following is not a function of an insurance company?

Which of the following is not a function of an insurance company?
  • A.
    Mobilization of funds through premiums collected
  • B.
    Encouragement of savings habits through life assurances
  • C.
    Collection of deposits from the public
  • D.
    Granting of loans on long-term basis for investment
  • E.
    Encouragment of investment by security of capital
Correct Answer: Option C
Explanation
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