n NISM Certifications
NSM General NISM
Medium

On what basis is the pure rate of premium calculated?

Practice question from IC 38 Mock Test 2 — bank. The correct answer is highlighted below with a full explanation.

Options

  1. A

    Future loss expectations

  2. Statistical data from past losses

    Correct answer

  3. C

    Market trends

  4. D

    Customer preferences

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

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