B. State whether True or False:1. The individual or institution who re – InterviewSolution

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B. State whether True or False:1. The individual or institution who receives the compensation iscalled the insurer.2. The insured gets compensation if a loss occurs.3. Insurance does not promote trade and commerce in the country.4. General insurance pertains to fire, marine and health insurance.5. Life insurance mobilises small savings of the public throughdifferent schemes.

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1: INDIVIDUAL is the TRUE answer

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