n NISM Certifications
NSM General NISM
Medium

How are premium rates determined for named employees?

Practice question from IC 38 Mock Test 19 — bank. The correct answer is highlighted below with a full explanation.

Options

  1. A

    By the insurance company's profit goals

  2. B

    By comparing premiums with other insurance providers

  3. Based on the level of risk associated with their job roles and chosen benefits

    Correct answer

  4. D

    By the employees' personal preferences and needs

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

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