What are insurance companies?

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17th Dec 2009 by Gary

An insurance company is a company which gathers premium payments from a pool of individual customers in order to create a large pool of money which can than be used to pay for unexpected accidents or illnesses which can cause unexpected hardship on people and their property. Insurance companies increase their available funds through investing the float in income-producing investment vehicles.

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26th Oct 2009 In Insurance 1 Answers | 720 Views

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