Options
- A
The process of deciding on the amount of premium to be charged
- B
The process of collecting premiums from policyholders
-
The process of determining whether a risk offered for insurance is acceptable, and if so, at what rates, terms, and conditions
Correct answer
- D
The process of evaluating claims made by policyholders
Test yourself for real
Take a full General NISM mock test.
Same duration, same weighting, same difficulty distribution as the real exam — with explanations on every question.