n NISM Certifications
NSM General NISM
Medium

Why must a proposer disclose details of declined proposals, special terms, or canceled policies?

Practice question from IC 38 Mock Test 2 — bank. The correct answer is highlighted below with a full explanation.

Options

  1. A

    To evaluate the proposer’s loyalty to insurers

  2. B

    To assess the proposer’s negotiation abilities

  3. To help determine the proposer’s risk profile

    Correct answer

  4. D

    To compare premium rates offered by different insurers

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

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