__________ is a contract between the insurer and the insured under which the insurer undertakes to compensate the insured for the loss arising from the risk

Q. __________ is a contract between the insurer and the insured under which the insurer undertakes to compensate the insured for the loss arising from the risk.

A.            Insurance.

B.            Agreement.

C.            Indemnity.

D.            Proximate clause.

Answer: Insurance