n NISM Certifications
NSM General NISM
Medium

What is meant by pure premium?

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

Options

  1. Premium amount sufficient only to cover losses

    Correct answer

  2. B

    Premium applicable to marginal members of society

  3. C

    Premium after including administrative costs

  4. D

    Premium derived from recent loss experience

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

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