n NISM Certifications
NSM General NISM
Medium

What are common reasons for disputes related to insurance claims?

Practice question from IC 38 Mock Test 20 — bank. The correct answer is highlighted below with a full explanation.

Options

  1. A

    Lack of coverage and breach of warranty

  2. B

    Non-disclosure of material facts and loss caused by excluded perils

  3. C

    Lack of adequate sum insured and issues regarding quantum due to underinsurance, depreciation, etc.

  4. All of the above

    Correct answer

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

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