Vidyalelo
Commerce · Q726

Insurance

Graduate and Post Graduate · Commerce · question 726

Q726

Material facts are those that would help the insurer to decide :

A.
The acceptability of risk
B.
The rate of premium to be charged
C.
Both A & B
Answer
D.
None are correct

Answer: Option C

Solution

Answer: Option C
Solution:
Material facts are those that would help the insurer to decide the acceptability of risk and the rate of premium to be charged.