n NISM Certifications
NSM General NISM
Medium

How are “declined risks” handled by insurers?

Practice question from IC 38 Mock Test 8 — bank. The correct answer is highlighted below with a full explanation.

Options

  1. A

    Charged higher premiums and accepted

  2. B

    Classified as preferred risks and charged lower premiums

  3. Declined for insurance coverage

    Correct answer

  4. D

    Accepted with conditions and restrictions

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

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