n NISM Certifications
NSM General NISM
Medium

What are rating factors in insurance?

Practice question from IC 38 Mock Test 1 — bank. The correct answer is highlighted below with a full explanation.

Options

  1. Elements used to assess the risk of insuring someone or something

    Correct answer

  2. B

    Elements used to determine company profits

  3. C

    Elements used to decide policy duration

  4. D

    Elements used to select coverage types

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

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