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grandymaker [24]
3 years ago
8

How did the first insurance fund develop?

Business
1 answer:
Yuri [45]3 years ago
8 0

Answer:

Robert Wallace and Alexander Webster, two scottish drunken ministers invented insurance for orphan and widows. A premium would be paid and invested for profitable purposes. Widows and orphans would be paid out with the return of that money, leaving the premiums to accumulate.

Explanation:

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Answer:

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