O-LevelCommerceInsuranceOct/Nov 2020Paper 1 Q301 Mark
The diagram shows how insurance companies are able to pay financial compensation to commercial organisations who suffer accidental loss. Which term describes the process shown in the diagram?
Acontribution and subrogation
Beconomies of scale
Cinsurable interest
Dpooling of risk
✓ Correct Answer
The correct answer is D. This question tests the candidate's understanding of insurance within the Commercesyllabus. The examiner's mark scheme requires...
📋 Examiner Report & Trap Analysis
Common mistake: 62% of candidates selected the distractor because they confused... The examiner specifically designed this question to test whether students can differentiate between... To secure full marks, candidates must demonstrate...
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