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An environment where insurance is plentiful and sold at a lower cost, also known as a Buyers market is called _________

A. Hard Market

B. Soft Market

C. Alternative Market

D. None of the Above

Answer: Option B

Solution(By Examveda Team)

An environment where insurance is plentiful and sold at a lower cost, also known as a Buyers market is called Soft Market.

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Related Questions on Insurance

What is known as cold call?

A. It is direct approach of the prospect for insurance purposes without any prior announcement or appointment

B. Cold call is not with warmth of familiarity or friendliness

C. It is without any energy or hope as to the result of the effort

D. Cold call is an aimless exercise not serious about the final outcome