n NISM Certifications
NSM General NISM
Medium

Can named employees select their own premium rates?

Practice question from IC 38 Mock Test 7 — bank. The correct answer is highlighted below with a full explanation.

Options

  1. A

    Yes, they can negotiate rates with the insurer

  2. No, rates are set by the insurer based on predetermined factors

    Correct answer

  3. C

    Yes, but only within a specified range

  4. D

    Premium rates are determined solely by the employer

A full explanation for this question is being written. In the meantime, the correct answer is highlighted above.

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