Business, 17.03.2020 02:26 charitysamuels

A group of farmers agreed that if any farmer suffered a property loss, the loss would be spread over the entire group. In this way, each farmer is responsible for the average loss of the group rather than the actual loss that the farmer sustained. Which characteristic of insurance is embodied in this agreement?

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A group of farmers agreed that if any farmer suffered a property loss, the loss would be spread over...

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