n NISM Certifications
NSM General NISM
Medium

Why is it necessary to check if a minor’s family is adequately insured?

Practice question from IC 38 Mock Test 15 — bank. The correct answer is highlighted below with a full explanation.

Options

  1. A

    To determine the minor's eligibility for government assistance

  2. B

    To ensure the minor’s parents have sufficient income

  3. To ascertain the need for insurance in the minor’s family

    Correct answer

  4. D

    To assess the risk of insuring the minor

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

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