O-LevelCommerceInsurance7100/11 · Oct/Nov 2017 · Q301 Mark

The diagram shows the procedure for taking out an insurance policy through an insurance broker. What is X? [Figure 30]

This question uses a diagram from the original paper, which isn't shown here. Open the full paper from the past papers archive to see it.

Ainsurance company assesses risk

Binsurance company issues cover note

Cproposer pays commission to insurance broker

Dproposer studies prospectus issued by insurance company

✓ Correct answer

A: insurance company assesses risk

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Topic: Insurance, O-Level Commerce (syllabus 7100). Multiple choice, 1 mark.
Source: O-Level Commerce, Oct/Nov 2017 Paper 1 Variant 1, question 30.

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