n NISM Certifications
NSM General NISM
Medium

What is “hazard” in insurance?

Practice question from IC 38 Mock Test 10 — bank. The correct answer is highlighted below with a full explanation.

Options

  1. A

    Likelihood of loss

  2. Physical condition increasing chance of loss

    Correct answer

  3. C

    Severity of loss

  4. D

    Risk associated with the asset

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

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