Multiple choice

Which of the following is not a function of insurance?

  1. Providing certainty

  2. Protection

  3. Risk sharing

  4. Subrogation

  5. Capital formation
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

This is the correct answer. Subrogation is the right of the insurer to stand in the stead of the insured, after the settlement of the claim, as far as the right of insured in respect of recovery from an alternative source is involved. 

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