n NISM Certifications
NSM General NISM
Medium

What is an Agreed Value Policy?

Practice question from IC 38 Mock Test 9 — bank. The correct answer is highlighted below with a full explanation.

Options

  1. A

    Insurer pays market value at total loss

  2. Insurer pays a pre-agreed value set at the start of the contract at total loss

    Correct answer

  3. C

    Insurer pays the value at the time of loss

  4. D

    Insurer pays pre-agreed value at the end of the contract

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

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