Insurance contributed to the state budget
with the different types of insurance, the insured person more and more. When a loss occurs, agencies, insurance companies will be subsidized or compensated for their time to stabilize life and production. Thus, the state budget does not have to spend money to subsidize members, businesses taking risks.
On the other hand, business activity in the commercial insurance sector is also responsible for contributing to the budget through the taxes that the insurance company must pay. This contributes to increase budget revenues.
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