Vidyalelo
Commerce · Q58

Insurance

Graduate and Post Graduate · Commerce · question 58

Q58

Akshat is a relatively cautious person. In insurance terms, this will normally increase the likelihood that he will

A.
Be considered an above average insurance risk
B.
Be considered a below average insurance risk
C.
Require insurance cover
Answer
D.
Require reinsurance cover

Answer: Option C

Solution

Answer: Option C
Solution:
Akshat is a relatively cautious person. In insurance terms, this will normally increase the likelihood that he will Require insurance cover. Insurance coverage is the amount of risk or liability that is covered for an individual or entity by way of insurance services.