How does the primary function of an insurance company compare with that of a depository Institution?
Homework Answers
The Primary function of an insurance company is to protection to
individual in case of accident, health issues or financial safety
to family in case of death of family members . They take premiums
and provide in the promised amount to the individual in case of
unfavorable event. whereas depository institution provide
intermediary function by taking money from depositios and passing
it on to borrowers of loans.
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How
does the primary function of an insurance company compare with that
of a depository Institution?
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