n NISM Certifications
NSM General NISM
Medium

What does Keyman Insurance compensate for?

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

Options

  1. A

    Actual losses incurred

  2. A fixed sum specified in the policy

    Correct answer

  3. C

    Company shares

  4. D

    Income loss of the key person

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

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