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Exam (elaborations)
Ains 101- Question With 100 % Correct 
Answers | Verified.
NewAINS 101- QUESTION WITH 100 % CORRECT 
ANSWERS | VERIFIED. 
Question 1 
Which statement BEST describes the fundamental purpose of 
insurance? 
A. To eliminate all uncertainty from an individual's or organization's 
activities 
B. To transfer and pool financial consequences of certain risks among 
many parties 
C. To guarantee that every insured will receive a financial profit after a 
loss 
D. To prevent losses from occurring 
ANSWER: B. To transfer and pool financial consequences of certa...