A risk considered as sub standard in future can be dealt ...
A risk considered as sub standard in future can be dealt with by insurers through
(i) premium loading (ii) double insurance (iii) excess imposition
I and II
I and III
II and III
I,II and III
Correct answer is B
premium loading; The amount an insurer needs to cover its expenses and generate profit.
Excess imposition - Your insurer may impose a non-standard excess, because of the number of claims you have had, or other factors which may mean you are more likely to make a claim.
The factor which increases the possibility of loss that emanates from the insured attitude is? ...
The policy which covers either death or disability resulting from an injury is ...
The price paid for the purchase of insurance policy is? ...
The part of a policy that describes the event that led to a loss is ...
Term insurance benefits are payable ...
The second document issued to the Eke is ...
one of the steps taken by an insurer in claim settlement is to? ...
A primary function of insurance is the? ...
An attachment to an insurance policy that modifies the policy is? ...