question_answer

Select the wrong statement from the following:

A) Insurance follow the 'Law of Large Numbers'

B) Principal of 'Probability' is required to followed.

C) The Principal of Subrogation is applicable to Life Insurance only.

D) General Insurance has wider scope and penetration in India as compared to Life Insurance.

E) Actuarial science is used to decide the rate of premium for both Life and Non- Life insurance.