n NISM Certifications
NSM General NISM
Medium

Why did the insurance company reject the claim in Scenario 1?

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

Options

  1. Damage was due to normal wear and tear, which was excluded

    Correct answer

  2. B

    Damage was due to an excluded peril

  3. C

    The car was too old

  4. D

    None of the above

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

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