What is the essential purpose of a general insurance policy? List and briefly explain the nature of each of the main items of (a)income and (b)expense for a general insurance business.Similarly,list and briefly explain the nature of each of the major (c)assets and (d)liabilities of a general insurance business.

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The Answer of What is the essential purpose of a general insurance policy? List and briefly explain the nature of each of the main items of (a)income and (b)expense for a general insurance business.Similarly,list and briefly explain the nature of each of the major (c)assets and (d)liabilities of a general insurance business.

What Is the Essential Purpose of a General Insurance Policy