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This question belongs to Commerce Insurance

Insurance

?

The reason for charging level premiums is

A) Risk increases as age increases B) It is convenient to the policyholder C) It is convenient to the insurer D) All of the above

Answer & Solution

Correct Answer: Option D

The reason for charging level premiums is Risk increases as age increases, it is convenient to the policyholder and it is convenient to the insurer.

Question posted by Examveda

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