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What is the main function of insurance company?

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What is the main function of insurance company?

This question is from Insurance topic

The question was asked in an interview.

Other related questions to my question are:-

What is the main function of an insurance company?

What are the three function of insurance companies?

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Right answer is: While coverage differs depending on the type of policy, the insurance company's function is to pay for damages or losses after storm damage or theft.

The title of my answer is What Are the Functions of Insurance Companies?

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