21. Which of the following could be the basis of the cover in a group policy?
22. Which of the following statements are “TRUE”?
1: In a group policy, each person is free to choose the amount of insurance cover.
2: A person, normally uninsurable, can be covered under a group insurance policy.
1: In a group policy, each person is free to choose the amount of insurance cover.
2: A person, normally uninsurable, can be covered under a group insurance policy.
23. An insurance broker represents
24. Which of the following statements in respect of riders is incorrect?
25. Distribution of terminal bonuses is a way out for insurance companies to
26. _________ as a profession refers to the act of inducing a commercial transaction through inducing the purchase of a product or service. Such act is carried out with the intent of earning remuneration.
27. Expand the term IGMS.
28. Which of the following are incorrect?
1. Mutuality means funds from various individuals are combined.
2. Diversification means spreading out funds to various destinations.
1. Mutuality means funds from various individuals are combined.
2. Diversification means spreading out funds to various destinations.
29. Selecting an appropriate investment vehicle would not depend on
30. Surplus not distributed (retained earnings) could contribute to
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