n NISM Certifications
NSM General NISM
Medium

Why do insurers offer lower premiums for higher deductibles?

Practice question from IC 38 Mock Test 14 — bank. The correct answer is highlighted below with a full explanation.

Options

  1. A

    Prefer processing small claims

  2. B

    Avoid exposure to accumulation of small losses

  3. C

    Insured takes more financial responsibility

  4. Both A and B

    Correct answer

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

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