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This question belongs to Commerce Insurance

Insurance

?

Material facts are those that would help the insurer to decide :

A) The acceptability of risk B) The rate of premium to be charged C) Both A & B D) None are correct

Answer & Solution

Correct Answer: Option C

Material facts are those that would help the insurer to decide the acceptability of risk and the rate of premium to be charged.

Question posted by Examveda

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